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Britain's Tullow sees 2021 free cashflow at $100 million

Reuters
·1-min read
FILE PHOTO: Workers walk past storage tanks at Tullow Oil's Ngamia 8 drilling site in Lokichar

LONDON (Reuters) - Britain's Tullow Oil reiterated on Wednesday its forecast for a full-year free cashflow of $100 million on the back of operating cashflow of $600 million as it focuses spending on its producing fields offshore Ghana.

It is continuing talks to find a partner for its $3.4 billion onshore project in Kenya for which it plans to submit a final development plan by the end of the year, it said.

It also announced its exit from Suriname, the country neighbouring Guyana where ExxonMobil has made huge oil discoveries and where Tullow and its partners are drilling a well in the Kanuku block in mid-2022.

(Reporting by Shadia Nasralla; Editing by Edmund Blair)