Tullow Oil UK (TUWOY)

[geodan]

PR Everything on track for Tullow LONDON-- Oil explorer Tullow Oil PLC(TUWLF) Wednesday announced the appointment of a new Chief Executive and said production was in line with expectations for the year ended December 31.

The company is promoting chief operating officer Paul McDade to Chief Executive, replacing Aidan Heavey who becomes chairman, replacing Simon Thompson.

Oil production in West Africa averaged 65,500 barrels a day, in line with expectations, while Europe working interest gas full year net production averaged 6,200 barrels of oil equivalent a day, also in line with expectations, the company said.

The company predicts West African oil production of 78,000 to 85,000 barrels a day in 2017 and Europe gas production of between 6,000 and 7,000 barrels.