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Letter from South America: Guyana and Suriname poised for change
The enormous exploration success of recent years leaves the South American neighbours at a crossroads
Guyana keeps the oil finds flowing
Latin America’s latest crude producer again proves its status as a world-class petroleum province
Frontera anticipates Guyana jackpot
The Latin America-focused producer aims to emulate the drilling successes of neighbouring blocks to diversify its portfolio
Stabroek partners strike oil in Guyana
Drilling campaign adds yet another major oil find in the prolific block
Tullow to resume Gabon expansion
The debt-burdened firm’s fortunes appear to be turning
Tullow sees progress in Kenya
The company might not have given up on its Kenyan ambitions
Offshore exploration heats up in Guyana
Production from the Liza project is ramping up, but operators still have plenty of exploration options ahead
Total targets 2025 for first Uganda oil
The French major plans to produce 190,000bl/d from six fields at the Tilenga development
Namibia's upstream defies downturn
Large-scale, deepwater prospects continue to draw deep-pocketed investors
Tullow back to square one in Suriname
Latin American exploration campaign stutters as producer continues search for major offshore oil find
Guyana Tullow Oil Uganda Kenya Suriname
Charles Waine
21 January 2020
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No quick fix for Tullow

The embattled producer warns of another year of sluggish production and project hold-ups

Anglo-Irish independent Tullow Oil has downplayed hopes that the new year could signal swift rejuvenation—after its 2019 annus horribilis where a series of production downgrades, potentially uncommercial discoveries offshore Guyana and continuing delays to key African projects drove the firm’s share price down by over 80pc, the largest nose-dive in the company’s history. Full-year 2020 output is projected at around 75,000bl/d oe, a drop of almost 10,000bl/d oe from current full-year 2019 figures, according to the firm’s latest operational update. And production forecasts had already fallen behind previous projections. Back in 2018, the firm promised net output of around 100,000bl/d oe net fo

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