November 13, 2019 / 7:38 AM / a month ago

Tullow Oil cuts 2019 oil production guidance, sees lower free cash flow

Nov 13 (Reuters) - Africa-focussed Tullow Oil on Wednesday cut its 2019 oil production outlook and forecast lower free cash flow for the year due to problems at its Ghana fields.

The London-listed firm now expects annual oil output to be 87,000 barrels of oil per day (bopd), down from an earlier forecast of 89-93,000 bopd.

The lower oil production and weak oil prices in the second half of the year will negatively impact free cash flow, the company said in a statement.

Reporting by Yadarisa Shabong in Bengaluru; Editing by Aditya Soni

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