Tullow Oil Appoints Paul McDade as Chief Executive
January 11 2017 - 2:44AM
Dow Jones News
LONDON-- Oil explorer Tullow Oil PLC (TLW.LN) Wednesday
announced the appointment of a new Chief Executive and said
production was in line with expectations for the year ended
December 31.
The company is promoting chief operating officer Paul McDade to
Chief Executive, replacing Aidan Heavey who becomes chairman,
replacing Simon Thompson.
Oil production in West Africa averaged 65,500 barrels a day, in
line with expectations, while Europe working interest gas full year
net production averaged 6,200 barrels of oil equivalent a day, also
in line with expectations, the company said.
The company predicts West African oil production of 78,000 to
85,000 barrels a day in 2017 and Europe gas production of between
6,000 and 7,000 barrels.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
January 11, 2017 02:29 ET (07:29 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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