Finance
UK's Tullow Oil in refinancing talks, expects 2025 output at lower end of range
Published by Global Banking & Finance Review®
Posted on November 21, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 21, 2025
1 min readLast updated: January 20, 2026
Tullow Oil is negotiating refinancing options as it anticipates lower 2025 production. The company faces natural declines and market risks, adjusting its net debt forecast.
(Reuters) -Tullow Oil said on Friday it is in talks with bondholders, commodity traders and other funding sources to refinance its capital, while projecting 2025 production at the lower end of its 40,000-45,000 barrels of oil equivalent per day (boepd) range.
Tullow also said next year's output could fall to 34,000-42,000 boepd as it grapples with natural declines in its existing wells.
The company, which operates in countries such as Ghana, Gabon, and Côte d’Ivoire, said it is exploring funding options with some of its creditors, given risks related to its business performance, market uncertainty and its May 2026 bond maturity.
It added that it expects 2025 year-end net debt of about $1.2 billion, up from its earlier forecast of $1.1 billion.
(Reporting by Ankita Bora in Bengaluru; Editing by Sonia Cheema)
Production output in oil and gas refers to the total volume of oil or gas produced by a company over a specific period, typically measured in barrels of oil equivalent per day (boepd).
Capital refers to financial assets or resources that companies use to fund their operations and growth. It can include equity, debt, and other financial instruments.
Explore more articles in the Finance category
