Tullow Oil plc provides earnings and production guidance for the year ended December 30, 2017. For the year, the company expects total revenue of $1.7 billion. The Group also expects to have generated $0.5 billion of free cash flow, significantly exceeding the forecast at the start of the year. This increase is primarily due to strong production performance, rigorous cost discipline and a rising oil price. The Group's 2018 capital expenditure associated with operating activities is expected to total approximately $460 million. This total excludes $110 million of forecast Uganda expenditure which will be repaid from deferred consideration post the completion of the Uganda farm-down, which is expected in the first half of the year. The capex total comprises Ghana capex of c.$250 million, West Africa non-operated capex of c.$40 million, Kenya pre-development expenditure of c.$80 million and Exploration and Appraisal spend of c.$90 million.

For the year 2017, the company reported total ghana oil production of 58,200 bopd. Total Equatorial Guinea produced was 6,200 bopd. Total Gabon produced was 13,000 bopd. Oil production sub total was 81,700 bopd. Total group gas production was 87,200 boepd.

For the year 2018, the company expects ghana oil production of 57,100 bopd, total Equatorial Guinea production of 4,800 bopd, total gabon production of 11,400, oil production sub total of 76,200 bopd and total group gas production of 80,100 boepd.