Tullow Oil Share Discussion Threads

[xxnjr] 11/7/2022 06:18

"few understand the remarkable upside at Ten"..... "provided the wells flow".

That is the nub of it. Starting with the company. We just don't know yet as the 2 'strategic wells', one of which looks to be drilling now, are really appraisal wells, given afaics the area where Tullow believes the upside exists hasn't been drilled yet (apart from tagging some oil in a down-dip water injector some distance away). Fingers crossed.

May explain long delay on 2nd rig contract in a market where you would normally anticipate a rapid decision due to increasing rig rates over past year?

[bootycall] 11/7/2022 00:45

xxnjr

Provided the new wells flow..generous cost recovery terms will take care of drilling costs on Ten thank you very much. Surprised you didn’t realise this ! Most high yield debt has taken a turn for the worse in the current economic and rising interest rate environment and the price performance of the bonds should be put in that context. The Capricorn deal is a prudent financial engineering exercise but Rahul should have consulted properly with his major shareholders before proceeding. Most shrewd followers of this company can see the outperformance of Jubilee…few understand the remarkable upside at Ten…i think that will all start to change shortly.

[flzzmiss] 10/7/2022 10:48

Some great noise of the LSE board about drill

[mccracken227] 08/7/2022 15:47

Usual dive down at the end of the day

[kulvinder] 07/7/2022 19:04

Not really conclusion if it a buy or not, Fool seems to be sitting on the fence....

[heialex1] 07/7/2022 15:46

Same as 12 months ago when oil was at 60.... Does not make any senseBut that means there are opportunities.

[mcsean2164] 07/7/2022 15:15

Just amazing we're at these levels...

[silverstone1] 06/7/2022 22:32

TOP LONG TRADE IS CNE;TOP SHORT TRADE IS TLW!

[xxnjr] 06/7/2022 16:16

"Installed at a water depth of approximately 1,100m on the Jubilee field, the FPSO is designed to process over 120,000 barrels of oil per day, and inject more than 230,000 barrels of water per day and 160 million standard cubic feet per day of produced gas."

Those are original build gas processing numbers. Gas processing was subsequently upgraded twice. Reaching about 200 million scf/d in April 2021. And may have been further upgraded in recent April shutdown?

[seball] 06/7/2022 15:44

Expect crude price and Tullow Share price to bounce form here.Buy

[waldron] 06/7/2022 15:26

Another tough day for oilies especially the pure plays

[fizzmiss] 06/7/2022 15:15

Raul, get your coat and leave by the back door, theirs a good lazy chap.

Everything you have done has not improved the share price, in fact it's done the reverse, Please resign.

[waldron] 06/7/2022 15:13

chuckle

no good getting emotional




offshore technology


July 5, 2022
Petrofac secures operations services contract for Nkrumah FPSO in Ghana

Petrofac will provide operations, maintenance, and technical support services for Tullow Oil’s FPSO vessel.

Tullow Oil has awarded a contract to Petrofac to provide operations services for the Jubilee Development project in Ghana.

Under the contract, Petrofac will be responsible for operations, maintenance, and technical support services for Tullow Oil’s Kwame Nkrumah (KNK) floating production storage and offloading (FPSO) vessel.

Installed at a water depth of approximately 1,100m on the Jubilee field, the FPSO is designed to process over 120,000 barrels of oil per day, and inject more than 230,000 barrels of water per day and 160 million standard cubic feet per day of produced gas.

Petrofac Asset Solutions business chief operating officer Nick Shorten said: “I’m delighted that we are continuing to grow our presence in Africa, with valued long-term partner Tullow Oil. We bring our considerable global FPSO experience to Ghana, also putting us in a good position to support other similar facilities in the region.

“Petrofac has been in North Africa for more than two decades and now we are building our presence across the continent, growing local jobs, developing local skills, and collaborating with local partners.”

The contract follows recent orders for Petrofac to decommission seven subsea wells in Mauritania.

The contract includes the project management, engineering, planning, and plugging and abandonment (P&A) of seven wells on Tullow Oil’s Banda and Tiof fields.

Tullow CEO Rahul Dhir said: “This new partnership with Petrofac will leverage Petrofac’s years of experience in operating onshore and offshore facilities and will deliver improved operations on KNK.

[waldron] 06/7/2022 15:08

chuckle

no good getting emotional




offshore technology


July 5, 2022
Petrofac secures operations services contract for Nkrumah FPSO in Ghana

Petrofac will provide operations, maintenance, and technical support services for Tullow Oil’s FPSO vessel.

Tullow Oil has awarded a contract to Petrofac to provide operations services for the Jubilee Development project in Ghana.

Under the contract, Petrofac will be responsible for operations, maintenance, and technical support services for Tullow Oil’s Kwame Nkrumah (KNK) floating production storage and offloading (FPSO) vessel.

Installed at a water depth of approximately 1,100m on the Jubilee field, the FPSO is designed to process over 120,000 barrels of oil per day, and inject more than 230,000 barrels of water per day and 160 million standard cubic feet per day of produced gas.

Petrofac Asset Solutions business chief operating officer Nick Shorten said: “I’m delighted that we are continuing to grow our presence in Africa, with valued long-term partner Tullow Oil. We bring our considerable global FPSO experience to Ghana, also putting us in a good position to support other similar facilities in the region.

“Petrofac has been in North Africa for more than two decades and now we are building our presence across the continent, growing local jobs, developing local skills, and collaborating with local partners.”

The contract follows recent orders for Petrofac to decommission seven subsea wells in Mauritania.

The contract includes the project management, engineering, planning, and plugging and abandonment (P&A) of seven wells on Tullow Oil’s Banda and Tiof fields.

Tullow CEO Rahul Dhir said: “This new partnership with Petrofac will leverage Petrofac’s years of experience in operating onshore and offshore facilities and will deliver improved operations on KNK.

[janhar] 06/7/2022 14:32

Trading statement next week should be interesting

[janhar] 06/7/2022 14:30

Forecasts are for 25 cents or 22 pence of earnings this year and rising!!! Something here is out of whack!

[badger36] 06/7/2022 14:21

Can't wait to hear Capricorn justify the deal now There is zero chance and Tullow executives will look like fools when news of the cancellation hits and the stock takes another hit as the BOD will be a laughing stock

[badger36] 06/7/2022 13:50

37 may be not the lowest entry point nowBroke through all support and I see short interest has been increased God help us when oils is back to the 60-80 range These clowns have destroyed the outlook

[badger36] 06/7/2022 10:25

What happened to the reports of a gas find?Surely it was not kite flying to let those in the know out the door before this collapse As we approach the 30s the MS 80p looks like another GS pump How can such ineptitude be rampant amongst such august brethren