Tullow starts selling Jubilee, TEN crude to Ghanaian refineries

Tullow Oil has initiated the sale of crude from its Jubilee, Tweneboa, Enyenra, and Ntomme (TEN) fields to refineries in Ghana, with the objective of supporting domestic refining. This move was disclosed by Tullow CFO Richard Miller during an investor call discussing the company's half-year results, in response to queries about encouraging more Jubilee crude to be refined locally.

Miller highlighted this as a significant accomplishment for Ghana's oil sector, emphasizing it as a "fantastic achievement." The sale was executed on a purely commercial basis, with mechanisms put in place to facilitate favorable refinancing for the initiative. Miller commended the government's efforts to enhance refinery operations in Ghana, noting Sentuo Oil Refinery's increasing role in the country's crude market.

The company anticipates increasing its crude liftings for 2026, with plans to deliver 14 cargoes, eleven from Jubilee and three from TEN fields. This development strengthens the connection between upstream production and domestic refining in Ghana.