Tullow Oil expects FY cashflow of $600 mln at $60/bbl oil price

PUBLISHED: Wed, 14 Jul 2021 06:02:42 GMT
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LONDON, July 14 (Reuters) – Africa-focused Tullow Oil expects a full-year operating cashflow of $600 million, steady from last year, if the oil price averages $60 a barrel for the rest of the year, it said on Wednesday.

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If oil prices, currently at around $76 a barrel, average $70 for the remainder of the year, operating cashflow would go up by $50 million, it added. (Reporting by Shadia Nasralla, editing by Louise Heavens)

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