Tullow Oil recorded a 34 percent drop in revenue in the last six months ending June 2016.
The oil and gas exploration and production group says its net debt at the end of June stood at $4.7bn. Tullow Oil chief executive Aidan Heavy says in a statement that revenue fell to $541 million during the period from $820 million in the first half of 2015.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article