The British oil group Tullow Oil a On Friday 20 February, refinancing agreements with Glencore and with the owners of approximately two-thirds of its covered bonds, for a total amount of 1.3 billion SOUTH.

After several years of turmoil, Tullow Oil launches a restructuring major financial. Agreements with its creditors and the Ghanaian State aim to stabilize its trajectory, improve its visibility in the medium term, and establish the bases for a disciplined recovery. Debt maturities are extended to November 2028, which is more than two additional years. This refinancing aims to stabilize the capital structure of one of the largest independent producers in debt from the London marketplace. By extending the deadlines to 2028, Tullow relieves immediate pressure on cash flow and gives yourself time necessary to align its finances with its expected operational goals starting in 2026.

Tullow is now entering a reconstruction phase methodical. In 2025, the group expects an average production of between 50 000 and 55,000 barrels of oil equivalent per day, driven by growth expected at Jubilee, its main field. Financial discipline is becoming the the basis of its strategy, more than geographic expansion.