Tullow Oil said it is on track to reach record oil production levels in 2013 as it predicted growth in its output would match previous years.
In an interim statement this morning, the company said it is making good progress across its main operation areas. It expects to add 200 million barrels to its resources this year, Tullow said.
The statement, which covers the period from July 1st to November 13th, noted a number of developments, including the opening of a new basin in the Barents Sea, and upcoming drilling campaigns in Kenya, Ethiopia, Mauritania, Norway and Guinea.
The Jubilee field is on track to deliver average production in 2013 of around 100,000 bopd, Tullow said.
“Our high-risk, high-impact exploration campaigns have delivered significant successes in Kenya and Norway and we have a number of material well results due in the coming months,” Tullow said.
