Tullow Oil has today reiterated its forecast for a full-year free cashflow of $100m on the back of operating cashflow of $600m as it focuses spending on its producing fields offshore Ghana.

In a trading update, Tullow said it is continuing talks to find a partner for its $3.4 billion onshore project in Kenya for which it plans to submit a final development plan by the end of the year.

It also announced its exit from Suriname, the country neighbouring Guyana where ExxonMobil has made huge oil discoveries and where Tullow and its partners are drilling a well in the Kanuku block in mid-2022.

Rahul Dhir, Tullow Oil's chief executive, said the company delivered strong operational performance across both Jubilee and TEN this year and the Ghana drilling programme continues to be successful.

Tullow said its working interest production averaged 59,400 barrels of oil equivalent per day (boepd) to the end of October - in line with expectations.

It said its full year production guidance remains unchanged with a range of 58,000-61,000 boepd.

"Our decision to pre-empt Kosmos Energy's acquisition of Occidental Petroleum’s interests in the Deep Water Tano (DWT) licence underscores our belief in the value and growth potential of our assets in Ghana," the CEO added.

Phuthuma Nhleko joined the board as a non-executive Director and Chairman-designate of Tullow in October and will take over as Chair of Tullow from Dorothy Thompson, at the end of the year.

Ms Thompson will then retire from the board.