Jubilee Field production update

RNS Number : 4522T

Tullow Oil PLC

20 July 2015

 

News Release

Jubilee Field production update

20 July 2015 - Tullow Oil plc ('Tullow') announces that gas export from the Jubilee Field to the Ghana Gas plant at Atuabo has been suspended since 3 July 2015 due to technical issues with gas compression systems on the FPSO Kwame Nkrumah and is expected to resume by mid-August. Oil production is currently constrained to approximately 65,000 bopd and is under constant review but there is no effect on the Field's reservoir or resources.

Tullow has mobilised a team of experts to rectify the fault within the gas compression system and estimates that it will take approximately a further 3 weeks to reinstate gas export and full oil production.

Tullow will review its 2015 production forecast for Jubilee and provide an update on progress at its half yearly results on 29th July.

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc (London) ([phone]) Chris Perry (Investor Relations) James Arnold (Investor Relations) George Cazenove (Media Relations)

Citigate Dewe Rogerson (London) ([phone]) Martin Jackson Shabnam Bashir

Murray Consultants (Dublin) ([phone]) Pat Walsh Joe Heron

NOTES TO EDITORS

Tullow Oil plc

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 120 exploration and production licences across 22 countries which are managed as three regional business units: West & North Africa, South & East Africa and Europe, South America and Asia.

Follow Tullow on:

Twitter: www.twitter.com/TullowOilplc                                    YouTube: www.youtube.com/TullowOilplc 

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IR & Media App: bit.ly/TullowApp                                              Website: www.tullowoil.com

 

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