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Tullow Oil revises 2020 capex to $300m

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Christian Fernsby ▼ | April 6, 2020
Tullow Oil has revised its 2020 capital expenditure to about $300m following the identification of additional cost savings in response to the challenging external factors.
Tullow Oil
Tullow Oil   Tullow Oil has revised its 2020 capital expenditure
Tullow Oil has revised its 2020 capital expenditure to about $300m following the identification of additional cost savings in response to the challenging external factors.

Topics: Tullow Oil

Last month, the UK-based oil and gas company announced its 2020 capex at $350m, which marks a 30% cut compared to the previous year. The company had also announced a budget of about $100m on decommissioning activities, which has now been brought down to $65m.

The company, currently has interests in more than 70 exploration and production licences, that are spread across 15 countries in the African and South American continents.


 

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