Tulow half year result statement26 Jul 2017 09:26
Europe production
Full year gas production from Europe averaged 6,000 boepd in the first half of 2017, which is slightly lower than expectations due to deferment and delays in some activities. Tullow expects full year 2017 European gas production to average between 5,500 and 6,000 boepd.
In April 2017, Tullow signed a Sales and Purchase Agreement (SPA) with Hague and London Oil plc (HALO) for the entire Netherlands portfolio with an effective date of 1 January 2017. Completion of the SPA is expected in the second half of the year.