Tullow Oil announces lower exploration spend for 2018
2 months ago, 13 Jan 13:06
Tullow Oil Plc expects to spend $280 million on crude exploration in Kenya and Uganda in 2018. Tullow’s chief executive officer Paul McDade said $170 million will be spent on exploration, appraisal and predevelopment of crude oil resources in Turkana, northwestern Kenya. The money is less than the $225 million that had been announced earlier. Tullow’s 2018 capital expenditure is about $460 million, excluding $110 million which will be repaid on completion of farm-downs (sale of equity) in the Al ...
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