UK-listed oil firm Tullow said today it hoped production from its Jubilee oil field off Ghana would reach 120,000 barrels per day by "early next year".
DONG of Denmark is to appraise the Svane discovery in the Danish sector of the North Sea - block 4/98. DONG acquired the block and field and their operation from ConocoPhillips in 2007. In 2001, an appraisal by ConocoPhillips signalled a large gas reservoir, but technical problems prevented verification of the results.
EXXONMOBIL, the world's biggest publicly traded oil and gas operator, said yesterday its fourth-quarter 2008 net income fell 33% on a year earlier to £5.58billion as a sharp drop in oil prices affected results.
