Tullow Oil says it has successfully completed the six-monthly redetermination of its Reserve Based Lend (RBL) facility. RBL is a type of financing where a loan is secured by the undeveloped reserves of oil and gas of a borrower. The facility is repaid using the proceeds that derive from sales in the field or portfolio of fields in production. According [...]
The post Tullow Oil issues financing update appeared first on The Ghanaian Times.
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