Tullow Oil strikes multiple deals in sweeping capital overhaul - Reuters

<a href="https://news.google.com/rss/articles/CBMisAFBVV95cUxQdkNaUzJscm1XdUs3bkFSZ1VSOFh0Qk1wNnd2ZE1zb3R0ZWd1Qktid2FrS29QdEFNMkxnV0VHcVBvZzVTOXN4VEp6ZzhSOHFfaW9RVS0wQTlVRWhKSU9jVGFBeFNSXzF1S2xoVllJSmVvTWJlT0RPNjVnLU9aRXdEOFEyVC1VY0JWdUJuejU2MHd3eTZJTm93RmU4ZTJVTUdFZGRYWkdnQk1Uamk3UEQ2Mw?oc=5" target="_blank">Tullow Oil strikes multiple deals in sweeping capital overhaul</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Tullow Oil announced a broad capital revamp, including refinancing its $1.3 billion senior secured notes, acquiring the TEN FPSO in Ghana for $205 million, and extending its Ghana petroleum agreements to 2040.

Tullow Oil extended its Ghana petroleum agreements to 2040 and refinanced debt maturities to 2030, including acquiring the TEN FPSO for $205 million and securing revised gas supply terms from the Jubilee field.

Ghana's Parliament ratified extensions for Tullow Oil's West Cape Three Points and Deep Water Tano Petroleum Agreements, extending operations at the Jubilee and TEN fields until December 31, 2040.

Tullow Oil reported 2025 revenue of approximately $847 million and agreed to acquire the TEN FPSO in Ghana for $205 million, aiming to enhance synergies and reduce costs across the TEN and Jubilee fields.

Tullow Oil has announced a refinancing transaction and lock-up agreement with approximately 66% of its noteholders and Glencore, aiming to stabilize its capital structure and align it with expected 2026 operational catalysts.

Tullow Oil agreed to purchase the floating production, storage, and offloading vessel serving Ghana’s TEN oilfields for $205 million and extended its deal with the Ghanaian government for the West Cape Three Points and Deep Water Tano Petroleum agreements.