Tullow starts selling Jubilee, TEN crude to Ghanaian refineries

Tullow Oil has commenced selling crude from its Jubilee, Tweneboa, Enyenra, and Ntomme (TEN) fields to refineries in Ghana, with the intention of bolstering domestic refining efforts. The initial shipment was transacted to Sentuo Oil Refinery earlier this year, as disclosed by Tullow Chief Financial Officer Richard Miller during an investor briefing for the company's half-year results.

Miller emphasized this as a significant milestone for Ghana's oil sector, highlighting the company's commitment to a commercial transaction. He also mentioned the implementation of mechanisms to ensure a favorable refinancing package to back the initiative, acknowledging the government's strides in improving refinery operations.

Miller further commended Sentuo Oil Refinery for its growing prominence in Ghana's crude market, noting its status as a leading purchaser not only from Tullow Oil but also from other partners on Ghana's oil fields. Looking ahead, Tullow anticipates lifting 14 cargoes in 2026, with 11 from the Jubilee field and three from the TEN fields.

This projection marks a two-cargo increase from the company's initial guidance in November 2025. The half-year results revealed six cargoes already delivered, with a further eight expected for the remainder of the year. The sale of Jubilee crude to a local refinery opens an additional commercial avenue for Ghana's homegrown crude, fortifying the connection between upstream production and domestic refining.