Tullow Oil PLC has announced an excellent operational and financial progress for the first half of the year as revenue is expected to hit $700 million with a realised oil price of $58 per barrel. This is because its production fields in West Africa are performing well and have successfully started its drilling programme in Ghana. According to the oil giant, group working interest production in the first half of 2021 averaged 61,200 barrels of oil per day (bopd), in line with expectations. First half underlying operating cashflow is expected to be $200 million, whilst pre-financing cash flow for the same period is also expected to be $200 million with disposal proceeds largely offsetting capex (capital expenditure) and decommissioning spend. As at 30 th June 2021, net debt was expected to be $2.3 billion and liquidity headroom and free cash were expected to be $700 million. Capital expenditure for the first six months of the year was however estimated at $100 million. Meanwhile, fu...