In a statement in advance of the Group’s 2024 Full Year Result, the UK oil giant said a successful resolution of the Ghana Branch Profits Remittance Tax arbitration, removes $320 million contingent ...

Tullow has been struggling to pull up its profits after troubling performance at its flagship Jubilee field, which is one of Ghana's major oil fields. "The removal of a further liability will take ...

For an oil field that has not generated even up to $10 million in 55 years! 17. By the way, the picture on the left is how the rig looked before the roughly $100 million was spent on the project.

Ghana started commercial production of crude oil in December, 2010. The country's Jubilee oil field produces the high grade 'Sweet Light' oil. The installation processes 9,548 tonnes (10,525 tons ...

Tullow Oil PLC announced today January 2 ... which include the notable Jubilee and TEN fields offshore Ghana. The Tribunal's decision exempts Tullow Ghana from a $320 million BPRT assessment ...

The drilling encountered 72 metres of net oil pay in two turbidite fans. The company said the objective of the Zaedyus well was to test whether its productive Jubilee field off the coast of Ghana ...

Oil and gas company Tullow Oil has secured ... including the Jubilee and TEN fields offshore Ghana, are not encompassed by the BPRT tax regime outlined in the Petroleum Agreements.

Tullow Ghana, in collaboration with its partners, has initiated a 4D seismic survey across the Jubilee and TEN fields. This move marks a crucial step in advancing its drilling operations for 2025 and ...