West Africa-focused Tullow Oil said today it was on track to deliver about $600m free cash flow over the next two years to achieve its stated target of $800m from 2023 to 2025.
The oil and gas explorer said the start-up of Jubilee South East offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations.
In a trading update, it added that its year-end net debt was reduced by about $250m to $1.6 billion.
