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London: Tullow Oil Plc, the UK explorer with the most exploration licences in Africa, raised production 13 per cent last year after drilling more wells.
Output averaged 73,100 barrels of oil equivalent a day in 2007, the London-based company said yesterday in a statement distributed by the Regulatory News Service. Tullow plans to pump 70,000 to 74,000 barrels a day this year.
Uganda's Ngassa well is "now expected to reach target depth in late March following operational and logistical delays," Tullow said. Extraction in Equatorial Guinea exceeded 100,000 bpd on January 17, it said. The explorer will concentrate on projects in Ghana and Uganda, potentially boosting output to as much as 250,000 bpd as soon as 2010, CEO Aidan Heavey said on January 14.
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