Tullow Oil has completed the pre-emption associated to the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields in Ghana to Kosmos Energy.
เกจวัดแรงดัน paid on completion was US $118M reflecting closing changes and was funded from money on the stability sheet. This transaction takes Tullow’s fairness interests to 38.9% in the Jubilee field and to fifty four.8% in the TEN fields and adds roughly five kbopd of unhedged day by day production.
https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-5161228292597111&output=html&h=280&adk=3456163606&adf=4184112256&pi=t.aa~a.829776362~i.6~rp.4&w=696&fwrn=4&fwrnh=100&lmt=1654260669&num_ads=1&rafmt=1&armr=3&sem=mc&pwprc=6039428623&psa=1&ad_type=text_image&format=696×280&url=https%3A%2F%2Fpumps-africa.com%2Ftullow-completes-pre-emption-of-deep-water-tano-component-of-kosmos-energy-occidental-petroleum-ghana-transaction%2F&host=ca-host-pub-2644536267352236&fwr=0&pra=3&rh=174&rw=696&rpe=1&resp_fmts=3&wgl=1&fa=27&adsid=ChAI8OLmlAYQzNnYs8KV-44tEj0Ai9i9BCE6NDYc_C1PGnLz8nfc-CojQ8czP38s2usssC8BlygUsp9QoJx-leFEzLaB7Ovbcybngf5DwPF0&uach=WyJXaW5kb3dzIiwiMTAuMC4wIiwieDg2IiwiIiwiMTAxLjAuNDk1MS42NyIsW10sbnVsbCxudWxsLCI2NCIsW1siIE5vdCBBO0JyYW5kIiwiOTkuMC4wLjAiXSxbIkNocm9taXVtIiwiMTAxLjAuNDk1MS42NyJdLFsiT3BlcmEiLCIxMDEuMC40OTUxLjY3Il1dLGZhbHNlXQ..&dt=1654260673612&bpp=4&bdt=3282&idt=5&shv=r20220601&mjsv=m202205260101&ptt=9&saldr=aa&abxe=1&cookie=ID%3Da6ec2c0cfb69fb20-2238cebfd3d300ea%3AT%3D1653560075%3ART%3D1653560075%3AS%3DALNI_Mb9DmPNoSNl1UHGnMmkM_FOy8D6pg&gpic=UID%3D000007980f5e3559%3AT%3D1653560075%3ART%3D1654251836%3AS%3DALNI_MYaki0sIT3uFKKqgBRQW27xY5WtzA&prev_fmts=0x0%2C728x90%2C324x250%2C728x90%2C468x60%2C324x250&nras=2&correlator=3851254376998&frm=20&pv=1&ga_vid=143729114.1653560073&ga_sid=1654260640&ga_hid=33782869&ga_fc=1&ga_cid=910480891.1654251834&u_tz=120&u_his=1&u_h=720&u_w=1280&u_ah=680&u_aw=1280&u_cd=24&u_sd=2&dmc=8&adx=79&ady=1370&biw=1225&bih=610&scr_x=0&scr_y=0&eid=44759875%2C44759926%2C44759837%2C44761793%2C31067768%2C44765312&oid=2&pvsid=3056306284251182&pem=9&tmod=578458333&uas=0&nvt=1&ref=https%3A%2F%2Fpumps-africa.com%2Fcategory%2Findustries%2Foil-and-gas%2F&eae=0&fc=1408&brdim=0%2C0%2C0%2C0%2C1280%2C0%2C0%2C0%2C1240%2C610&vis=1&rsz=%7C%7Cs%7C&abl=NS&fu=128&bc=31&ifi=7&uci=a!7&btvi=3&fsb=1&xpc=eurIGKeAZ6&p=https%3A//pumps-africa.com&dtd=M
https://googleads.g.doubleclick.net/pagead/ads? pressure gauge 10 bar =ca-pub-5161228292597111&output=html&h=90&slotname=7894598746&adk=3204069288&adf=4184112256&pi=t.ma~as.7894598746&w=728&lmt=1654260669&psa=1&format=728×90&url=https%3A%2F%2Fpumps-africa.com%2Ftullow-completes-pre-emption-of-deep-water-tano-component-of-kosmos-energy-occidental-petroleum-ghana-transaction%2F&host=ca-host-pub-2644536267352236&wgl=1&adsid=ChAI8OLmlAYQzNnYs8KV-44tEj0Ai9i9BCE6NDYc_C1PGnLz8nfc-CojQ8czP38s2usssC8BlygUsp9QoJx-leFEzLaB7Ovbcybngf5DwPF0&uach=WyJXaW5kb3dzIiwiMTAuMC4wIiwieDg2IiwiIiwiMTAxLjAuNDk1MS42NyIsW10sbnVsbCxudWxsLCI2NCIsW1siIE5vdCBBO0JyYW5kIiwiOTkuMC4wLjAiXSxbIkNocm9taXVtIiwiMTAxLjAuNDk1MS42NyJdLFsiT3BlcmEiLCIxMDEuMC40OTUxLjY3Il1dLGZhbHNlXQ..&dt=1654260671417&bpp=19&bdt=1086&idt=1602&shv=r20220601&mjsv=m202205260101&ptt=9&saldr=aa&abxe=1&cookie=ID%3Da6ec2c0cfb69fb20-2238cebfd3d300ea%3AT%3D1653560075%3ART%3D1653560075%3AS%3DALNI_Mb9DmPNoSNl1UHGnMmkM_FOy8D6pg&gpic=UID%3D000007980f5e3559%3AT%3D1653560075%3ART%3D1654251836%3AS%3DALNI_MYaki0sIT3uFKKqgBRQW27xY5WtzA&prev_fmts=0x0%2C728x90%2C324x250&nras=1&correlator=3851254376998&frm=20&pv=1&ga_vid=143729114.1653560073&ga_sid=1654260640&ga_hid=33782869&ga_fc=1&ga_cid=910480891.1654251834&u_tz=120&u_his=1&u_h=720&u_w=1280&u_ah=680&u_aw=1280&u_cd=24&u_sd=2&dmc=8&adx=63&ady=1650&biw=1225&bih=610&scr_x=0&scr_y=0&eid=44759875%2C44759926%2C44759837%2C44761793%2C31067768%2C44765312&oid=2&pvsid=3056306284251182&pem=9&tmod=578458333&uas=0&nvt=1&ref=https%3A%2F%2Fpumps-africa.com%2Fcategory%2Findustries%2Foil-and-gas%2F&eae=0&fc=1920&brdim=0%2C0%2C0%2C0%2C1280%2C0%2C0%2C0%2C1240%2C610&vis=1&rsz=%7Cm%7CpoeEbr%7Cp&abl=XS&pfx=0&fu=0&bc=31&ifi=3&uci=a!3&btvi=1&fsb=1&xpc=MsBbfbpFN1&p=https%3A//pumps-africa.com&dtd=M
This equates to roughly 4 kbopd on an annualised basis and increases 2022 Group manufacturing steerage to 59-65 kbopd (30-32 kbopd at Jubilee, 13-14 kbopd at TEN and non-op portfolio unchanged at 16-19 kbopd).
READ:Eni, bp create unbiased three means partnership in Angola
Equity
This additional equity increases Tullow’s 2022 Group capital expenditure forecast by US$30Mto US $380M and is expected to generate roughly US$300mn incremental free cash circulate at US$75/bbl between 2022 and 2026. As of 31 December 2021, the transaction will increase Tullow’s net 2P reserves by roughly 21 mmboe (9%) and has an estimated post-tax NPV 10 valuation of US $355mn at $75/bbl.
“I am delighted that this important transaction has completed and I am grateful for the continued assist of the Government of Ghana and, in particular, the Honourable Minister of Energy whose management has been paramount in attending to completion. This transaction underscores our confidence in the belongings and meets our aims of worth accretion and deleveraging,” Rahul Dhir, CEO of Tullow Oil plc.
Tullow Oil plc is a multinational oil and fuel exploration company founded in Tullow, Ireland with its headquarters in London, United Kingdom. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Share