Tullow Oil (TLW): Jubilee drilling and seismic programme
This situation live
TLW Tullow Oil
21 Nov 2025 · Second 2025 well spudded; J72-P producing · +97% until the next step
Drilling on Jubilee recommenced at the start of November, with the second new production well (J73-P) to come onstream around the end of the year.
20 Feb 2026 · Four-well programme targeted for 2026 · +30% until the next step
Jubilee drilling programme targeting four additional wells, with production enhancements through multi‑phase pumps;
28 Apr 2026 · J74-P and J75-P onstream; four wells to come · +24% until the next step
A further four Jubilee wells are expected onstream before the end of the year (three producers and one water injector).
10 Jun 2026 · Third of six 2026 wells onstream this week · −11% until the next step
The drill schedule for 2026 remains unchanged, with the third of six Jubilee wells (J76-P) expected onstream this week.
5 Aug 2026 · Five of six wells onstream · +49% until the next step
The final well of the 2026 campaign, a water injector (J73-WI), is expected onstream in September.
28 Sep 2026 · 2025-26 campaign complete; Campaign 2 contracted · −50% since
A rig contract for the 2027-28 Ghana drilling programme (Campaign 2) has been signed for up to 10 wells
28 Sep 2026 · 2025-26 campaign complete; Campaign 2 contracted · −50% since
A rig contract for the 2027-28 Ghana drilling programme (Campaign 2) has been signed for up to 10 wells, with the rig expected to arrive around the middle of the year and target identification being s
Jubilee drilling and seismic programme
2025-26 campaign complete; Campaign 2 contracted
JAN1
Next: Campaign 2 drilling of up to 10 wells in 69 days
Every step · 7
- 21 Nov 2025 Second 2025 well spudded; J72-P producing – Drilling on Jubilee recommenced at the start of November, with the second new production well (J73-P) to come onstream around the end of the year. ↗
- 20 Feb 2026 Four-well programme targeted for 2026 – Jubilee drilling programme targeting four additional wells, with production enhancements through multi‑phase pumps; ↗
- 28 Apr 2026 J74-P and J75-P onstream; four wells to come – A further four Jubilee wells are expected onstream before the end of the year (three producers and one water injector). ↗
- 10 Jun 2026 Third of six 2026 wells onstream this week – The drill schedule for 2026 remains unchanged, with the third of six Jubilee wells (J76-P) expected onstream this week. ↗
- 5 Aug 2026 Five of six wells onstream – The final well of the 2026 campaign, a water injector (J73-WI), is expected onstream in September. ↗
- 28 Sep 2026 2025-26 campaign complete; Campaign 2 contracted – A rig contract for the 2027-28 Ghana drilling programme (Campaign 2) has been signed for up to 10 wells ↗
- 28 Sep 2026 2025-26 campaign complete; Campaign 2 contracted – A rig contract for the 2027-28 Ghana drilling programme (Campaign 2) has been signed for up to 10 wells, with the rig expected to arrive around the middle... ↗
What is happening
Tullow Oil: Jubilee drilling and seismic programme – 2025-26 campaign complete; Campaign 2 contracted. ['2025-26 campaign complete; Campaign 2 contracted']
- In short
- Jubilee programme targeted for 2026 since Nov 2025; by 5 Aug 2026 five of six wells were onstream. On 28 Sep 2026 Tullow said the 2025-26 campaign was complete, with six producers and the water injector onstream, and new wells outperformed. A Campaign 2 rig contract for up to 10 wells (2027-28) is signed.
- Announced
- 21 Nov 2025 · Second 2025 well spudded; J72-P producing
- Latest
- 28 Sep 2026 · 2025-26 campaign complete; Campaign 2 contracted
- 2026 capex
- c.$200 million, unchanged
- Production
- H1 43.7 kboepd versus 34-42 kboepd guidance; high end expected for the year
- Future drilling
- Greater Jubilee PoFD approved; up to 20 wells after current campaign
- Capex guidance
- c.$200m capex and c.$25m decommissioning in 2026, unchanged
- H1 production
- 43.7 kboepd versus 34-42 kboepd guidance; high end expected for the year
- Campaign 2
- Rig contract signed for up to 10 wells, 2027-28 programme
- Campaign 1
- Six Jubilee producers and one water injector onstream; completed September 2026
- Reserves
- 2P 121.7 mmboe at 30 June 2026, c.380% replacement
What comes next
Campaign 2 drilling of up to 10 wells (1 Jan 2027).
Briefing
Tullow Oil in 5 minutes
Tullow is an oil producer that now depends almost entirely on two offshore fields in Ghana, Jubilee and TEN. After a run of Jubilee underperformance, it sold its Gabon and Kenya assets in 2025 and refinanced $1.3bn...
- Act 1Debt paid down, then Jubilee disappoints
- Act 2Selling Gabon and Kenya to cut debt
- Act 3Licences to 2040, a new debt deal and a new board
From the company's own announcements. Not investment advice.
Also at Tullow Oil 3 open
Legal & regulatoryGhana tax disputes and receivables – ICC award against Tullow, 30 Sep 2026
Large acquisition / reverse takeoverTEN FPSO acquisition – SPA signed; completion expected end Q1 2027
Sale process / strategic reviewAsset value-maximisation process – Board sub-committee to be formed post-closing
Insider conviction3 directors buying – £215k in 3 buys · closed
Balance-sheet stress / refinancingRefinancing of 2026 notes – Refinancing completed 27 April 2026 · closed
Tullow Oil – company page →