Tullow Oil has started supplying crude oil from its Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields to refineries in Ghana, marking a significant step toward boosting domestic refining capacity. The company revealed that the first cargo was sold to Sentuo Oil Refinery earlier this year. The disclosure was made by Tullow’s Chief Financial Officer, Richard Miller, during a virtual briefing with investors on the company’s half-year financial performance.
Responding to questions about efforts to increase local refining of Jubilee crude, Mr. Miller described the transaction as a major milestone for Ghana’s petroleum industry. “This is a fantastic achievement considering the progress of Ghana’s oil sector over the years,” he said.
According to Mr. Miller, the transaction was executed on a purely commercial basis, with supportive financing arrangements put in place to facilitate the initiative. He also commended government efforts aimed at strengthening the country’s refining industry, describing the outcome as a notable success.
Mr. Miller further underscored the growing influence of Sentuo Oil Refinery in Ghana’s crude oil market, noting that the company has emerged as a key buyer of crude from both Tullow Oil and its partners operating in Ghana’s offshore fields. The development comes as Tullow anticipates higher crude liftings before the end of the year, reflecting continued activity in the country’s upstream oil sector.
Tullow Targets 14 Cargoes in 2026
In its half-year results, Tullow announced that it expects to lift 14 cargoes in 2026. Of these, 11 cargoes are anticipated to come from the Jubilee field, while three will be sourced from the TEN fields. This updated forecast reflects an increase of two Jubilee cargoes compared to the company’s initial guidance released in November 2025.
During the first half of the year, Tullow delivered six cargoes and plans to lift an additional eight cargoes in the second half. The company also expects that the measures currently being implemented will enhance its performance and support a stronger recovery by the end of the year. Additionally, the sale of Jubilee crude to a local refinery provides another commercial avenue for Ghana’s domestically produced crude, strengthening the connection between upstream production and domestic refining.
