Tullow has development and production interests in two Hess operated licences offshore Equatorial Guinea, encompassing the Ceiba field and the Okume Complex. The Ceiba field has been producing since 2000 and Tullow gained its interest in the field through the acquisition in 2004 of Energy Africa. The Okume Complex development commenced in 2004 and came on stream at the end of 2006.
development & operations
As a result of near term cash flow optimisation and decisions by the field operators due to the low oil price, reduced activity will continue across Tullow's non-operated West Africa portfolio. There is flexibility to increase capital investment in the medium term to offset production decline in these mature assets, as market conditions improve. 4D siesmic data and simulation work is being used to determine the quantity of future infill wells.