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Market: LSE
Sector: Energy
Latest Price: 868.75p  (-0.77% Descending)
52-week High: 1,174.00p
52-week Low: 736.00p
Market Cap: 7,907.24M
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Tullow Oil
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Tullow Oil plc is a leading independent oil and gas, exploration and production group and is quoted on the London and Irish Stock Exchanges. The Group has interests in over 90 production and exploration licences in 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.


Tullow Oil reveals unsuccessful exploration result offshore Norway

December 24 2013, 7:54am Tullow Oil reveals unsuccessful exploration result offshore Norway

Tullow Oil (LON:TLW) has revealed that the Mantra well, offshore Norway, was unsuccessful.

The wildcat exploration well encountered reservoir quality sandstone, the company said; however, each was found to be water wet.

Mantra was located 10 kilometres from the Troll C platform and was the first to be drilled in the 551 production licence. It had primarily been targeting the Upper Jurassic Sognefjord Formation reservoir, and the secondary targets were the Paleocene Lista sands and Middle Jurassic Brent.

The well will now be plugged and abandoned.

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