(Tullow, 17.Jul.2023) — Tullow provided an update on production from its Jubilee field following the recent start-up of the Jubilee South East (JSE) Project, offshore Ghana. Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the JSE wells are performing […]
Tag: Tullow Oil plc
Tullow: Beebei-Potaro Exploration Well Plugged, Abandoned Offshore Guyana
(Tullow, 5.Aug.2022) — Tullow Oil plc announces that drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. The Noble Regina Allen rig drilled the Beebei-Potaro […]
NRGBriefs: Argentine Pipeline Tender, Lebanon Summit
(Energy Analytics Institute, 30.Nov.2021) — Energy briefs including Argentina revealing plans for a tender for the start of the process for the construction of the first stage of the NĂ©stor Kirchner Gas Pipeline and the Transport.Ar National Production Gas Pipeline System; the EU welcoming the “largely calm and peaceful atmosphere” […]
Tullow Starts Drilling Campaign In Ghana
(Tullow, 6.Apr.2021) — Tullow Oil plc started a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field on 5 April 2021. As previously announced, the Maersk Venturer, which has been contracted for four years, is expected to drill four wells […]
Tullow Divests Assets In Equatorial Guinea
(Tullow, 31.Mar.2021) — Tullow Oil plc announced the sale of its assets in Equatorial Guinea to Panoro Energy ASA has now completed. Earlier today, Tullow received a payment of $88.8mn from Panoro. As previously disclosed, this transaction also includes contingent cash payments of up to $16mn which are linked to […]
Bright Future For Suriname And Guyana
(Petroleum Economist, 2.Dec.2020) — Crumbling oil prices and volatile energy demand have tipped Latin America into a sharp recession, exacerbated by one of the world’s worst Covid-19 mortality rates. But in Suriname and Guyana, at least, there are reasons to be cheerful. Although both countries face stark economic challenges, they […]
Tullow Finalizes $575mn Sale Of Uganda Assets To Total
(Tullow, 10.Nov.2020) — Tullow Oil plc announce the sale of its assets in Uganda to Total has completed with $500mn consideration received earlier today. Tullow is also due to receive a further $75mn when a Final Investment Decision is taken on the development project plus contingent payments linked to the […]
Uganda OKs Tullow’s $575mn Divestment To Total
(Tullow, 21.Oct.2020) — Tullow Oil plc announced the government of Uganda and the Ugandan Revenue Authority have executed a binding Tax Agreement that reflects the pre-agreed principles on the tax treatment of the sale of Tullow’s Ugandan assets to Total. The Ugandan Minister of Energy and Mineral Development has also […]
Tullow Announces Update And Guidance
(Tullow, 15.Jan.2020) — Tullow Oil plc issued this update and guidance in advance of the Group’s 2019 Full Year Results. “Tullow has ended 2019 with average production of 86,700 bopd and free cash flow generation of c.$350 million. Since our December announcement, Tullow’s senior team has been working hard on […]
Tullow Slumps On Guyana Oil Find News
(Bloomberg, 2.Jan.2020) — Tullow Oil Plc discovered light oil at its Carapa-1 well in Guyana, but the reservoir was smaller than the troubled company had expected prior to drilling. Shares fell as much as 20%. The independent oil producer’s first discovery of the new year comes after a calamitous 2019 […]
Profile: Tullow In Guyana
(Tullow, 29.Nov.2019) — Guyana has become an industry hotspot following giant oil discoveries in the Starbroek block. Tullow has interests in two neighbouring licences offshore Guyana with a 60% operated interest in the Orinduik block and a 37.5% non-operated interest in the Kanuku block. Tullow’s position in Guyana dates back […]
Eco Atlantic Reports 2nd Oil Discovery Offshore Guyana
(Eco, 16.Sep.2019) — Eco (Atlantic) Oil & Gas Ltd. announces a second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth drillship to a final depth of 7,176 feet (2,175 meters) in approximately 2,546 feet (780 meters) of water. Evaluation of […]
Tullow Announces Joe-1 Oil Find Offshore Guyana
(Tullow, 16.Sep.2019) — Tullow Oil plc announces the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. The Joe-1 exploration well was drilled by the Stena Forth drillship to a Total Depth of 2,175 metres in water depth of 780 metres. Evaluation of […]
Tullow Oil, Partners Exempted From Range Of Taxes In Guyana
(Stabroek News, 17.May.2019) — The National Assembly on Wednesday assented to tax concessions for the United Kingdom-headquartered Tullow Oil as well as its partners. “I humbly do my duty in seeking that this order be affirmed,” Finance Minister Winston Jordan, in whose name the order was laid, told the House […]
Peru Gives Tullow Oil Another Shot At Exploration
(Argus, 1.May.2019) — Peru reapproved a contract for UK-listed Tullow Oil to explore shallow-water block Z-64. This is Tullow’s second chance with the block, nearly a year after its original contract was cancelled. The 54,000-hectare block lies off the northern coastal department of Tumbes, where Canadian independent Frontera Energy operates […]
Wintershall Expands Portfolio In Argentina
(WorldOil, 17.Apr.2019) — Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round. In addition to the CMA-1 exploitation concession, with this award, the company will participate in further offshore exploration projects […]