Tullow to Pump First Oil From Ghana’s TEN Field Early August

  • New production off Ghana adds to existing Jubilee output
  • Tullow swings back to profit in the first half of 2016
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Tullow Oil Plc said a new project off Ghana will produce its first crude early next month as the African-focused explorer reported its first profit in three years.

Production at TEN -- also known as the Tweneboa-Enyenra-Ntomme project -- will gradually increase to 80,000 barrels a day by the end of this year, the London-based company said in a statementBloomberg Terminal Wednesday.