The London-listed player completed its six-month reserve based lend (RBL) redetermination process to keep available debt capital reserves at the current level of $3.7 billion.

The Africa-focused player also said cash and undrawn credit facilities as of 30 September amounted to $2.1 billion, with no near-term liabilities.

Chief financial officer Ian Springett said: "Today's announcement demonstrates the robustness of Tullow's debt capital structure and emphasises the strong support that we are receiving from our relationship banks.

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