Tullow Oil cuts cash flow forecast due to delayed payments from Ghana's Jubilee oilfield.

Tullow Oil lowered its full-year free cash flow guidance to $150-200 million due to delayed payments, mainly from the Jubilee oilfield and overdue gas payments from Ghana. Despite this, year-to-date production remains at 62,000 barrels of oil equivalent per day, in line with forecasts. The company’s CEO, Rahul Dhir, highlighted ongoing efforts to improve financial structure and address debt maturities.

November 28, 2024
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