Tullow Oil - comment

Rahul Dhir, the CEO of Tullow has indicated his intention to resign from Tullow in 2025.  This is a surprise with Tullow entering into a crucial period with negotiations on tax arbitration and refinancing the May 2026 bonds expected next year.  Rahul joined the business in 2020, and although the business has deleveraged over his tenure, there remain operational issues at the new wells at Jubilee.  Additionally, Tullow has not been able to find a partner for their Kenyan interests and leaving now would indicate there are limited possibilities in the near term.