Tullow has production assets in Africa and Europe. In 2015, West Africa working interest oil production averaged 66,600 bopd and in Europe, gas production averaged 6,800 boepd.
In the first half of 2016, Tullow’s West Africa working interest oil production averaged 51,800 bopd, impacted by lower production from the Jubilee field in Ghana, associated with the FPSO turret issue. In Europe, gas production averaged 6,600 boepd in the first half of 2016.
Tullow’s 2016 West Africa oil production guidance range was revised in November to 64-67,000 bopd net, and now includes production-equivalent revenues for Jubilee covered by Business Interruption insurance.
Full year guidance for European production is around 6,000 boepd.