Tullow Oil
Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 100 exploration and production licences across 23 countries and focuses on four core areas: Europe, Africa, South Asia and South America.
Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames-Hewett areas and operates over 70% of its production. The company also has interests offshore the Netherlands and Portugal.
In Africa, Tullow has exploration and production in Gabon, Côte d'Ivoire, Mauritania and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.
In South Asia, Tullow has exploration and production in Pakistan and Bangladesh and high impact exploration activities in India.
In South America Tullow has high impact exploration interests in Trinidad and Tobago, French Guiana and Suriname.
Tullow finds oil at Nsoga-1 exploration well in Uganda
Tullow Oil PLC (LSE: TLW) said the Nsoga-1 exploration well, which is located in the Butiaba region of Uganda Block 2, has encountered good quality Kasamene-type oil bearing reservoirs.
The well was drilled approximately six kilometres horizontally from the top of the structure, to a total depth of 755 metres and has been successfully cored, logged and sampled.
The total net Kasamene-type reservoir is 43 metres thick, of which the top three metres is oil bearing at this location.
Nsoga-1 is the seventh successful test of the Victoria Nile Delta play fairway within the Lake Albert Rift Basin. This latest result further extends the play and de-risks several adjacent prospects located in Blocks 1 and 2, which are scheduled for drilling later in 2009.
The well is now being suspended as a future oil producer and on completion of operations the rig will move to test the Awaka prospect with drilling operations scheduled to commence this month.
Tullow has interests in three licences in the Lake Albert Rift Basin in Uganda. Tullow operates Block 2 with a 100 percent interest and has a 50 percent interest in Blocks 1 and 3A which are operated by Heritage Oil, with 50 percent.
Other Tullow Oil news
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08/02/10 Tullow Oil and Heritage confirm termination of Eni deal for Ugandan JV
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27/01/10 Tullow Oil raises £925 mln in placing to accelerate development in Uganda and Ghana
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22/01/10 Tullow Oil encounters oil and gas in Butiaba, largest to date on Uganda Block 2
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21/01/10 Tullow Oil’s Tweneboa-2 offshore Ghana confirms field as major oil and gas condensate play
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18/01/10 Tullow Oil acquires Heritage Oil’s interests in Uganda for US$1.5 bln
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08/12/09 Tullow Oil sells 25% Interest in French Guiana Deep Water Project
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11/11/09 Tullow Oil reports 85% Exploration Success Rate In Year to Date
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17/09/09 Tullow Oil stays hot after hitting oil in Uganda
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16/09/09 Tullow Oil Announce the Discovery of the First Hydrocarbons in Massive West Africa acreage
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26/08/09 Tullow oil reports oil discoveries in Ghana and Uganda, but falls on lower revenues and production
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