Tullow Oil Company expects Sh80 billion profit for 2017

Tullow Oil Company, the discoverer of oil in Turkana, Kenya, is projecting at Sh80 billion ($800 million) in gross profit for 2017, the company has said. The profits are from its global operations. In a statement, the British oil and gas explorer also expects to generate a revenue of $1.7 billion this year (2018).
“Tullow delivered strong operational and financial performance in 2017 against the backdrop of continued industry volatility. The business is expected to generate free cash flow of $0.5 billion, above expectations, due to high levels of operated production and further progress on cost and capital efficiency,” said Paul Mcdade the Chief Executive of the company. The Chief executive noted that there was a significant reduction in the net debt adding that the company was aiming at further reducing the debt.
“There was also material improvement in the Group’s balance sheet, with significantly reduced gearing and an overall reduction in net debt of $1.3 billion. Over 2018 we expect to continue this positive momentum,” he said. “With our diverse low-cost assets and high-graded exploration portfolio, enhanced by recent license additions in Côte d’Ivoire and Peru, we have a strong foundation to grow the business and further reduce our debt,” he added. The oil company stated that as of year-end 2017 it had a ‘total headroom including free cash of $1.0billion with no material near-term debt maturities.’
In the statement, the Group’s 2018 capital expenditure associated with operating activities is expected to total approximately Sh 46 billion ($460million). “The capex total comprises Ghana capex of $250 million, West Africa non-operated capex of $40 million, Kenya pre-development expenditure of $80 million and Exploration and Appraisal spend of $90million,” read the statement in part.
Read more at: Tullow Oil Company expects Sh80 billion profit for 2017

Wakenya mna uhaba wa habari hata hii nayo ni ya kufungulia uzi. $800 million from its "global operations", Kenya imechangia kiasi gani katika hiyo $800 million?

Mwanzi1 said:

Wakenya mna uhaba wa habari hata hii nayo ni yakufungulia uzi. $800 million from its "global operations", Kenya imechangia kiasi gani katika hiyo $800 million?

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Pili most of that is from selling of Tullow stakes across global operations including in Uganda's Albertine oil region.

Geza Ulole said:

Pili most of that is from selling of Tullow stakes across global operations including in Uganda's Albertine oil region.

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Very true.

Mwanzi1 said:

Wakenya mna uhaba wa habari hata hii nayo ni ya kufungulia uzi. $800 million from its "global operations", Kenya imechangia kiasi gani katika hiyo $800 million?

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I can't wish even for my worst of enemies to live your kind of life, full of bitterness and pain. Nyie hapa juzi mlikua mnawachekelea hawa Tullow kwamba wameisha.

MK254 said:

I can't wish even for my worst of enemies to live your kind of life, full of bitterness and pain. Nyie hapa juzi mlikua mnawachekelea hawa Tullow kwamba wameisha.

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Saa nyingine unahitaji watu kama sisi tukuamshe usingizini, unafungulia uzi na kuchekele hela inayoondoka Kenya kwenda kujenga nchi zingine, huoni kama ni tatizo hapo. Tupe mrejesho how much Kenya had earn out of that $800 million profit.

Mwanzi1 said:

Saa nyingine unahitaji watu kama sisi tukuamshe usingizini, unafungulia uzi na kuchekele hela inayoondoka Kenya kwenda kujenga nchi zingine, huoni kama ni tatizo hapo. Tupe mrejesho how much Kenya had earn out of that $800 million profit.

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Mlifungulia nyuzi kuchekelea kwa Tullow wanafunga duka na kurejea kwao, sasa nimefungulia uzi kuwaonyesha wapo wapo tena watakua kwa muda mrefu.

Hilo la sisi tutapata ngapi lisikujalishe, fahamu ya kwamba sisi ni manyang'au na sio wazembe kama nyie ambao mumeliwa kwenye hilo shamba la bibi hadi limebaki mahandaki, mara eti kila Mtanzania atapata Noah, mara sijui hiki mara kile. Nchi kubwa ambayo labda uunganishe Rwanda, Kenya na Uganda ndio ulinganishe, kila sehemu rotuba lakini umaskini umekolea, hivi mlilaaniwa na nani, tuanzie hapo, maana nilidhani labda ni ujamaa wa Nyerere ndio uliwalemaza, lakini hayupo tena, mumeshaiga mifumo isiyo ya kijamaa lakini mpo mpo tu, hampigi hatua.

Gezaulole & MK254...You two need to chill. Hata kama tuna healthy competition lakini nyie inaanza kuwa consume sasa.

MK254 said:

Mlifungulia nyuzi kuchekelea kwa Tullow wanafunga duka na kurejea kwao, sasa nimefungulia uzi kuwaonyesha wapo wapo tena watakua kwa muda mrefu.

Hilo la sisi tutapata ngapi lisikujalishe, fahamu ya kwamba sisi ni manyang'au na sio wazembe kama nyie ambao mumeliwa kwenye hilo shamba la bibi hadi limebaki mahandaki, mara eti kila Mtanzania atapata Noah, mara sijui hiki mara kile. Nchi kubwa ambayo labda uunganishe Rwanda, Kenya na Uganda ndio ulinganishe, kila sehemu rotuba lakini umaskini umekolea, hivi mlilaaniwa na nani, tuanzie hapo, maana nilidhani labda ni ujamaa wa Nyerere ndio uliwalemaza, lakini hayupo tena, mumeshaiga mifumo isiyo ya kijamaa lakini mpo mpo tu, hampigi hatua.

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Unajuwa nikisema sana utasema nawaonea wivu, but sina hata chembe ya wivu sana-sana inanikera kuona mkenya masikini hasikilizwi wala kupewa mkono anyanyuke.

Huu uzi sio uzi kuchekela, hii sio hela ya Kenya wala itakayo msaidia mkenya. Ulisha wahi kuona sisi tunafinguwa nyuzi kusifu profit ya Barrick Gold au British Gas waliyoipata dunia nzima?. Tunafunguwa uzi kusherekea jinsi tukivyo kamata wezi wanaotuibia rasilimali zetu maana hiyo ni pesa ni yetu itasaidia uchumi watu na taifa kwa ujumla. Sasa wewe mwenzagu hapa, labda ni mmiliki wa hisa za Tullow ndio maana unachekele kumevuna pesa. lakini kama huna hisa, basi unachekele kuibiwa pesa yako na tullow.

MK254 said:

Mlifungulia nyuzi kuchekelea kwa Tullow wanafunga duka na kurejea kwao, sasa nimefungulia uzi kuwaonyesha wapo wapo tena watakua kwa muda mrefu.

Hilo la sisi tutapata ngapi lisikujalishe, fahamu ya kwamba sisi ni manyang'au na sio wazembe kama nyie ambao mumeliwa kwenye hilo shamba la bibi hadi limebaki mahandaki, mara eti kila Mtanzania atapata Noah, mara sijui hiki mara kile. Nchi kubwa ambayo labda uunganishe Rwanda, Kenya na Uganda ndio ulinganishe, kila sehemu rotuba lakini umaskini umekolea, hivi mlilaaniwa na nani, tuanzie hapo, maana nilidhani labda ni ujamaa wa Nyerere ndio uliwalemaza, lakini hayupo tena, mumeshaiga mifumo isiyo ya kijamaa lakini mpo mpo tu, hampigi hatua.

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fine, but for moment that is bull shit. reply to a tabled issue. how much really Kenya will get from that amount.
if you want to discuss who has been screwed up between tz and ke, initiate an individual topic. we will show you scientifically with empirical data how Kenya have been sold to some of you and the whites.

Mwanzi1 said:

Unajuwa nikisema sana utasema nawaonea wivu, but sina hata chembe ya wivu sana-sana inanikera kuona mkenya masikini hasikilizwi wala kupewa mkono anyanyuke.

Huu uzi sio uzi kuchekela, hii sio hela ya Kenya wala itakayo msaidia mkenya. Ulisha wahi kuona sisi tunafinguwa nyuzi kusifu profit ya Barrick Gold au British Gas waliyoipata dunia nzima?. Tunafunguwa uzi kusherekea jinsi tukivyo kamata wezi wanaotuibia rasilimali zetu maana hiyo ni pesa ni yetu itasaidia uchumi watu na taifa kwa ujumla. Sasa wewe mwenzagu hapa, labda ni mmiliki wa hisa za Tullow ndio maana unachekele kumevuna pesa. lakini kama huna hisa, basi unachekele kuibiwa pesa yako na tullow.

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Sina muda, ila ningefukua nyuzi mlizoanzisha za kuwachekelea Tullow eti wanafunga duka, heheehe eti huwa hamshabikii makampuni ya Ulaya, nyie hapa mlikua mnafungua nyuzi kila siku kuishabikia Fastjet hadi tukadhani imebadilika na kuwa ATC.....Tatizo hampendi kujitazama kwa kioo na kujiona mlivyo wachafu.

eliakeem said:

fine, but for moment that is bull shit. reply to a tabled issue. how much really Kenya will get from that amount.
if the you want to discuss who has been screwed up between tz and ke, initiate an individual topic. we will show you scientifically with empirical data how Kenya have been sold to some of you and the whites.

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Wale wenye nazo kina Kenyatta and Co walisha wafumba macho hawa jamaa, wanafikiri Mzungu hawaibii. Your right, Kenya ikisha uzwa kwa the highest bidder (English colonial masters).

MK254 said:

Sina muda, ila ningefukua nyuzi mlizoanzisha za kuwachekelea Tullow eti wanafunga duka, heheehe eti huwa hamshabikii makampuni ya Ulaya, nyie hapa mlikua mnafungua nyuzi kila siku kuishabikia Fastjet hadi tukadhani imebadilika na kuwa ATC.....Tatizo hampendi kujitazama kwa kioo na kujiona mlivyo wachafu.

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Kuna tofauti na kushabikia kampuni kuja kuwekeza nchini kwako tena kuwekeza hela nyingi. Lakini kushabikia pesa walio tengeneza na kupeleka kwao hiyo lazima tukupime mkojo.

Wakija kuwekeza kwako that's MONEY IN not OUT. Ukifurahia MONEY OUT then utakuwa hujitabui.

Mwanzi1 said:

Kuna tofauti na kushabikia kampuni kuja kuwekeza nchini kwako tena kuwekeza hela nyingi. Lakini kushabikia pesa walio tengeneza na kupeleka kwao hiyo lazima tukupime mkojo.

Wakija kuwekeza kwako that's MONEY IN not OUT. Ukifurahia MONEY OUT then utakuwa hujitabui.

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Tullow wapo wapo, hivyo msahau hamna siku watapiga chini kama mlivyokua mnashabikia, hili la faida lisiwatie wasiwasi, sisi ni manyang'au tunajua kula, hatupigwi kama nyie ambao huogopa kusoma mikataba iliyoandikwa kwa Kingereza.

Mlituzungusha mara Barrick mara Acacia, mara Noah hatmaye kimyaaaa

Elimu ya Kenya inabidi ichunguzwe si kwa ushamba huu, doooh

MK254 said:

Tullow wapo wapo, hivyo msahau hamna siku watapiga chini kama mlivyokua mnashabikia, hili la faida lisiwatie wasiwasi, sisi ni manyang'au tunajua kula, hatupigwi kama nyie ambao huogopa kusoma mikataba iliyoandikwa kwa Kingereza.

Mlituzungusha mara Barrick mara Acacia, mara Noah hatmaye kimyaaaa

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Wewe unaonjesha kila dalili ya kuwa mfaidika wa Tullow.

Ila yote ya Tanzania ni ulimbukeni mtupu!

Mwanzi1 said:

Wakenya mna uhaba wa habari hata hii nayo ni ya kufungulia uzi. $800 million from its "global operations", Kenya imechangia kiasi gani katika hiyo $800 million?

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Imechangia senti...... Uko na swali nyingine???

kimburu06 said:

Elimu ya Kenya inabidi ichunguzwe si kwa ushamba huu, doooh

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Povuuu tuu

Kenya muflisi. Euro bond zinawaua