Source: ReutersTullow Oil has been reshaping its business around Ghana by selling assets in Gabon and KenyaWest Africa-focused Tullow Oil on Wednesday forecasted its annual production at the higher end of its forecast range and raised its free cash flow projection, encouraged by strong performance at its Ghana fields and better-than-expected oil price realisations. The company has been reshaping its business around Ghana by selling assets in Gabon and Kenya and refinancing to trim debt. Tullow lifted its annual free cash flow forecast to $170-250m from $70-175m, citing increasing production alongside higher oil price realisations and progress in recovering funds owed by Ghana’s government. It expects annual production at the top end of its 34,000-42,000 barrels of oil equivalent per day forecast range. The company said it realised an average oil price of about $95 a barrel before hedging across six cargoes in the first half, or $86 a barrel after hedging, with hedging costs totalling roughly $47 million.