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Tullow Oil cuts 2025 oil production forecast after selling Gabon assets, reports $80M loss.
Tullow Oil, a UK-based company with operations in West Africa, has lowered its 2025 production forecast to 40,000-45,000 barrels of oil equivalent per day after selling its assets in Gabon.
The company reported a first-half loss of $80 million, a significant drop from last year's profit.
Tullow plans to focus on refinancing its capital structure, optimizing production, and cost-cutting measures.
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Tullow Oil recorta el pronóstico de producción de petróleo para 2025 después de vender activos de Gabón, informa pérdidas de $ 80M.