- Tullow Oil Plc records a $110 million loss from continuing activities for 2023, reversing a profit from the previous year due to significant impairments and write-offs.
- Despite stable sales volumes, the company faces challenges from declining productivity in Ghana’s TEN fields and cost control issues
Tullow Oil Plc has reported a significant loss of $110 million from continuing activities for the financial year 2023, marking a sharp downturn from the $49 million profit recorded in 2022. The company’s financial performance has been heavily impacted by impairments and write-offs totalling $435 million.
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