big hole

Tullow Oil production outlook cut shows debt overhang still hampers investment

By David Whitehouse

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Posted on September 14, 2023 12:47

Rahul Dhir, CEO of Tullow Oil at the Africa Oil Week in Cape Town © Rahul Dhir, CEO of Tullow Oil, speaks to Reuters at the Africa Oil Week 2022 conference at the Cape Town International Convention Centre 2, Cape Town, South Africa, October 4, 2022. REUTERS/Shelley Christians — Rahul Dhir, CEO of Tullow Oil, speaks to Reuters at the Africa Oil Week 2022 conference at the Cape Town International Convention Centre 2, Cape Town, South Africa, October 4, 2022. REUTERS/Shelley Christians

Tullow Oil is struggling to convince analysts that it can deliver debt reduction alongside a growing business.

Tullow Oil’s legacy of excessive debt means that operating at the company’s current scale remains a challenge.

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