Tullow Oil comes up short in 2012

Oil titan Tullow missed production targets last year, while write-offs for unsuccessful drilling soared, the group revealed on Friday morning.

Oil titan Tullow missed production targets last year, while write-offs for unsuccessful drilling soared, the group revealed on Friday morning.

Group working interest production last year averaged just 79,200 barrels of oil per day (bopd), below the forecast range of 80,000-84,000 bopd, due to the enforced shutdown of Tullow's non-operated production in the CMS area of the UK in early December following safety issues. This has now been resolved.

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