Africa-focused Tullow Oil's finance chief Les Wood will step down by the end of March, the oil and gas company said on Wednesday, after it swung back to profit in the first half of 2021.
Workers walk past storage tanks at Tullow Oil's Ngamia 8 drilling site in Lokichar, Turkana County, Kenya, February 8, 2018. REUTERS/Baz Ratner/File Photofinance chief Les Wood will step down by the end of March, the oil and gas company said on Wednesday, after it swung back to profit in the first half of 2021.
The process to find a new chief financial officer is expected to conclude in the first quarter of 2022, it said. It now expects 2021 output between 58,000-61,000 barrels Of oil equivalent per day compared with its previous forecast of 55,000-61,000 boepd. "Strong operational performance in the first half of the year and a transformational debt refinancing have put Tullow on a firm footing to deliver our business plan," Chief Executive Officer Rahul Dhir said.
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