Tullow Oil, Partners Sign Agreement With Ghana to Extend Two Licenses-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

Tullow Oil, Partners Sign Agreement With Ghana to Extend Two Licenses

Dow Jones2025-06-04

By Adam Whittaker

Tullow Oil and its partners at two Ghanian oil fields signed an agreement with the government of Ghana to extend production licenses through to 2040.

The London-listed oil company said Wednesday that it signed a memorandum of understanding to extend the West Cape Three Points and Deep Water Tano licenses, and to drill up to 20 additional wells. The licenses cover the Jubilee and TEN oil fields, it said.

The additional wells will be located in the Jubilee Field and represent an investment of up to $2 billion over the life of the licenses. They are expected to deliver a material increase in reserves.

The agreement also include a commitment to increase gas supply from the fields to around 130 million standard cubic feet a day, Tullow said.

Tullow Oil expects all approvals for the license extensions before the end of the third quarter of 2025.

The agreement was also signed by Kosmos Energy, PetroSA, the Ghana National Petroleum Corp. and Explorco.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

June 04, 2025 03:11 ET (07:11 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

empty

No comments yet

Most Discussed

7x24

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2540710031?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-04 15:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2540710031","market":"sh","top_or_hot":-1,"title":"Tullow Oil, Partners Sign Agreement With Ghana to Extend Two Licenses","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adam Whittaker \n</p>\n<pre>\n \n</pre>\n<p>\n  Tullow Oil and its partners at two Ghanian oil fields signed an agreement with the government of Ghana to extend production licenses through to 2040. \n</p>\n<p>\n  The London-listed oil company said Wednesday that it signed a memorandum of understanding to extend the West Cape Three Points and Deep Water Tano licenses, and to drill up to 20 additional wells. The licenses cover the Jubilee and TEN oil fields, it said. \n</p>\n<p>\n  The additional wells will be located in the Jubilee Field and represent an investment of up to $2 billion over the life of the licenses. They are expected to deliver a material increase in reserves. \n</p>\n<p>\n  The agreement also include a commitment to increase gas supply from the fields to around 130 million standard cubic feet a day, Tullow said. \n</p>\n<p>\n  Tullow Oil expects all approvals for the license extensions before the end of the third quarter of 2025. \n</p>\n<p>\n  The agreement was also signed by <a href=\"https://laohu8.com/S/KOS\">Kosmos Energy</a>, PetroSA, the Ghana National Petroleum Corp. and Explorco. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2025 03:11 ET (07:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tullow Oil, Partners Sign Agreement With Ghana to Extend Two Licenses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTullow Oil, Partners Sign Agreement With Ghana to Extend Two Licenses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-04 15:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adam Whittaker \n</p>\n<pre>\n \n</pre>\n<p>\n  Tullow Oil and its partners at two Ghanian oil fields signed an agreement with the government of Ghana to extend production licenses through to 2040. \n</p>\n<p>\n  The London-listed oil company said Wednesday that it signed a memorandum of understanding to extend the West Cape Three Points and Deep Water Tano licenses, and to drill up to 20 additional wells. The licenses cover the Jubilee and TEN oil fields, it said. \n</p>\n<p>\n  The additional wells will be located in the Jubilee Field and represent an investment of up to $2 billion over the life of the licenses. They are expected to deliver a material increase in reserves. \n</p>\n<p>\n  The agreement also include a commitment to increase gas supply from the fields to around 130 million standard cubic feet a day, Tullow said. \n</p>\n<p>\n  Tullow Oil expects all approvals for the license extensions before the end of the third quarter of 2025. \n</p>\n<p>\n  The agreement was also signed by <a href=\"https://laohu8.com/S/KOS\">Kosmos Energy</a>, PetroSA, the Ghana National Petroleum Corp. and Explorco. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2025 03:11 ET (07:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TUWOY","symbol_name":"Tullow Oil Plc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2540710031","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540710031","pubTimestamp":1749021060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Tullow Oil and its partners at two Ghanian oil fields signed an agreement with the government of Ghana to extend production licenses through to 2040.The London-listed oil company said Wednesday that it signed a memorandum of understanding to extend the West Cape Three Points and Deep Water Tano licenses, and to drill up to 20 additional wells. The licenses cover the Jubilee and TEN oil fields, it said.The additional wells will be located in the Jubilee Field and represent an investment of up to $2 billion over the life of the licenses. They are expected to deliver a material increase in reserves.The agreement also include a commitment to increase gas supply from the fields to around 130 million standard cubic feet a day, Tullow said.Tullow Oil expects all approvals for the license extensions before the end of the third quarter of 2025.The agreement was also signed by Kosmos Energy, PetroSA, the Ghana National Petroleum Corp. and Explorco.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TUWOY":"Tullow Oil Plc.","BK4213":"石油与天然气的勘探与生产"},"translate_title":"图洛石油公司与合作伙伴与加纳签署协议延长两个许可证","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TUWOY":0.9},"content_text":"By Adam Whittaker \n\n\n \n\n\n  Tullow Oil and its partners at two Ghanian oil fields signed an agreement with the government of Ghana to extend production licenses through to 2040. \n\n\n  The London-listed oil company said Wednesday that it signed a memorandum of understanding to extend the West Cape Three Points and Deep Water Tano licenses, and to drill up to 20 additional wells. The licenses cover the Jubilee and TEN oil fields, it said. \n\n\n  The additional wells will be located in the Jubilee Field and represent an investment of up to $2 billion over the life of the licenses. They are expected to deliver a material increase in reserves. \n\n\n  The agreement also include a commitment to increase gas supply from the fields to around 130 million standard cubic feet a day, Tullow said. \n\n\n  Tullow Oil expects all approvals for the license extensions before the end of the third quarter of 2025. \n\n\n  The agreement was also signed by Kosmos Energy, PetroSA, the Ghana National Petroleum Corp. and Explorco. \n\n\n \n\n\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2025 03:11 ET (07:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}