Tullow Oil said today its first-half trading was at record levels, thanks to higher production and favourable oil and gas prices.
Tullow's upbeat half-yearly trading statement pushed the firm's London-listed shares up 4 per cent to over 198p earlier this morning.
"The outlook for the remainder of the year is encouraging," chief executive Aidan Heavey said in the trading update ahead of first-half results due on September 14th.
Tullow's production rose to 57,350 barrels of oil equivalent per day (boepd) in the first half of the year, more than double the level for the first six months of 2004.
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The firm projected production above 60,000 boepd for the second half of the year.