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Tullow Oil retains full-year production outlook

Tullow Oil's chief executive Rahul Dhir
Tullow Oil's chief executive Rahul Dhir

Oil and gas explorer Tullow Oil has today maintained its 2023 production forecast of 58,000 to 64,000 barrels per day.

In a statement issued ahead of its AGM in London today, it said its capital expenditure of $400m would be weighted towards the first half of the year.

The company also said net production in the first quarter of 2023 came in at 53,700 barrels per day.