Tullow Oil plc has appointed four independent non-executive directors, following its refinancing transaction and subject to shareholder approval. DIRECTORS On 20 February, the company entered into a binding lock-up agreement with holders of approximately 66% of its $1,285,245,000 10.25% senior secured notes due in May 2026, and with Glencore Energy UK Ltd. The deal releases Tullow’s senior secured notes […]
Tag: TEN field – offshore Ghana
Tullow agrees $205m FPSO for Ghana fields
Tullow Oil plc has signed a gross $205 (£152m) million sale and purchase agreement for the floating production, storage and offloading vessel (FPSO), Prof. John Evans Atta Mills. COSTS Payment of transaction, signed on behalf of the company’s joint venture partners, will be paid on completion at the end of the first quarter of 2027. Net […]
Tullow signs MoU to extend Ghana licences
Tullow Oil plc has signed a tentative agreement to extend until 2040 the West Cape Three Points and Deepwater Tano licences, covering the Jubilee and TEN fields, offshore Ghana. OPPORTUNITY The TEN project comprises the three offshore fields of Tweneboa, Enyenra and Ntomme, which lie in the Deepwater Tano block, 60 kilometres offshore Western Ghana. […]