In November 2014, Tullow Oil PlC released an Interim Management Statement reviewing its capital expenditure. “In light of current oil and gas sector challenges including the commodity price environment, we are reviewing our capital expenditure and our cost base to ensure that Tullow is well-positioned for future success.” the Chief Executive Officer of Tullow Oil,
Why Tullow Oil PLC is cutting expenditure elsewhere and focusing on exploration in East Africa
Amid-st the turbulent rage of the faltering oil prices Tullow Oil PLC has resolved to revise its investment priorities and focus on East Africa and Ghana in West Africa come 2015. In an Interim Management Statement issued on 12th November 2015 Tullow indicated that though exploration will remain a key part of the company’s future