Tullow Oil to deliver $600m free cash flow over next 2 years

Bengaluru — West Africa-focused Tullow Oil (TLW.L), opens new tab said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve its stated target of $800 million from 2023 to 2025.

The London-listed oil and gas explorer said the start-up of Jubilee Southeast offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations, adding that the year-end net debt was reduced by about $250 million to $1.6 billion.

*Aby Jose Koilparambil; editing: Rashmi Aich – Reuters