Tullow Oil

TLW · Main Market · Energy · mcap £141m · 10.6p

Tullow Oil produces oil and gas, now almost entirely from the Jubilee and TEN fields offshore Ghana. It has sold its Gabon and Kenya assets to focus on Ghana.

Target	Promise	Said	Status
2025
31 Dec 2025	Eliminate routine flaring by end of 2025	6 Mar 2024	… In progress
	“keeping us on track to reach our target to eliminate routine flaring by 2025” Result Not yet due.
31 Dec 2025	Cut annual cash net G&A by about $10m to about $40m in 2025	25 Mar 2025	… In progress
	“reduce 2025 annual net G&A to c.$40 million” Also stated 21 Nov 2025 Result Not yet due.
Today · 10 Oct 2026
2026
31 Dec 2026	Bring four more Jubilee wells onstream in 2026	28 Apr 2026	… In progress
	“A further four Jubilee wells are expected onstream before the end of the year (three producers and one water injector)” Status so far Not yet due.
2027
31 Mar 2027	Acquire TEN FPSO for about $126m net by end Q1 2027	20 Feb 2026	… In progress
	“net consideration of c.$126 million to be paid upon completion, which is expected at the end of the first quarter of 2027” Status so far Not yet due.
31 Dec 2027	Achieve about $50m cost savings over three years versus 2024	21 Nov 2025	… In progress
	“targeting savings of c.$50 million over the three year period 2025-27” Also stated 28 Apr 2026 Status so far Not yet due.