Tullow Oil said today its financial position for the year to date was in line with expectations, with capital spending set to be around £1.3billion in 2013.
The UK-listed oil and gas explorer added, in a trading statement ahead of its annual general meeting on Wednesday, that its Enyenra-6A appraisal well in Ghana had found more oil than expected and that it had started the process of selling off it non-core southern North Sea assets.