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Participation of Mitsui, Marubeni and Mitsui O.S.K. Lines, and Conclusion of Financing for Deepwater FPSO Chartering Project
MODEC, Inc. , Mitsui & Co., Ltd., Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. jointly announce that Mitsui, Marubeni and MOL have participated in a long-term charter business (“Project”) operated by MODEC for the purpose of providing a floating production, storage, and offloading system (the “FPSO”) for use in the Tweneboa, Enyenra, Ntomme (“TEN”) oil fields offshore Ghana and a loan agreement for the Project was entered into today.

date.png27 Sep 2013 18:38 | comments.png 0 Comments | tags.png africa fpso ghana marubeni mitsui services tullow [ More ]

Ekales-1 Oil Discovery in Kenya
Tullow Oil plc (“Tullow”) is pleased to announce that the Ekales-1 wildcat, located in Block 13T in Northern Kenya, has made a new oil discovery. Results of drilling, wireline logs and samples of reservoir fluid indicate a potential net oil pay in the Auwerwer and Upper Lokone sandstone reservoirs of between 60 and 100 metres. Future flow testing aims to confirm productivity from these zones.

date.png26 Sep 2013 12:07 | comments.png 0 Comments | tags.png africa kenya tullow upstream [ More ]

MODEC, Inc. Awarded FPSO contracts for TEN Project, Deepwater Tano in Ghana
MODEC, Inc.(“MODEC”) announced today that Tullow Ghana Limited (“Tullow”), a wholly owned subsidiary of Tullow Oil plc., has awarded TEN Ghana MV25 B.V., a subsidiary of MODEC, contracts for the supply, charter and lease, operations and maintenance of a Floating Production, Storage and Offloading (“FPSO”) vessel for the Tweneboa, Enyenra, and Ntomme (“TEN”) fields in the Deepwater Tano contract area in water depth averaging 1,500m. The Deepwater Tano contract area is held by Tullow (47.175%) as Operator, Kosmos Energy (17%), Anadarko Petroleum (17%), Sabre Oil & Gas Holdings Ltd, a wholly owned subsidiary of Petro SA (3.825%), and the Ghana National Petroleum Corporation (15%).

date.png05 Aug 2013 13:31 | comments.png 0 Comments | tags.png africa ghana modec services top tullow [ More ]

Government of Ghana approves Development Plan for the TEN Project
Tullow Oil plc (Tullow) announces that the Government of Ghana has formally approved the Development Plan for the Tweneboa-Enyenra-Ntomme Development (“the TEN Project”). The approval paves the way for Tullow and its partners, Kosmos Energy, Anadarko Petroleum, PetroSA and the Ghana National Petroleum Corporation, to proceed with the development of these discoveries.

date.png31 May 2013 08:16 | comments.png 0 Comments | tags.png africa ghana kosmos services tullow [ More ]

East Africa Operational Update
Tullow Oil plc (“Tullow”) provides an update on progress with the Sabisa-1 well in Ethiopia and announces a successful first flow test of the Ngamia-1 well in Kenya.

date.png15 Apr 2013 11:11 | comments.png 0 Comments | tags.png africa ethiopia kenya tullow upstream [ More ]

FMC Technologies Announces Subsea Services Agreement with Tullow Ghana
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a five-year agreement with Tullow Ghana Ltd. to provide subsea services for its developments in the Jubilee field.

date.png22 Mar 2013 11:29 | comments.png 0 Comments | tags.png africa fmc ghana services tullow [ More ]

Tullow Oil Operational Update
Tullow Oil plc (Tullow) announces today that in Ghana, West Africa, Jubilee Phase 1A production has commenced and the Okure-1 exploration well has encountered low net to gross oil bearing reservoir in a secondary objective. In Guyana, South America, Tullow has let its interest in the Georgetown Licence expire.

Ghana update

The Okure-1 exploration well, drilled in the Deepwater Tano licence offshore Ghana, has reached its planned total depth of 4,511 metres. The well has encountered non-reservoir quality formations at the main objective levels below the TEN cluster and discovered a gross 17 metre interval of low net to gross oil bearing Turonian age sandstones within an overlying secondary objective. Light oil with a 40 degree API was recovered from this interval. Integration of wireline logs and pressure data indicates that this oil accumulation is not connected to other hydrocarbon discoveries in the licence area. The next exploration activity to be carried out by the rig will be the drilling of Sapele-1, adjacent to the Jubilee field, also in the Deepwater Tano Licence and is expected to be spudded by the end of the year.

The first Jubilee Phase 1A production well has been brought on stream and is now producing in excess of 16,500 bopd resulting in field production of over 90,000 bopd. This is the first of five Phase 1A producers which are planned to be completed before mid 2013. In addition, the rig is now carrying out acid stimulation work on two Jubilee Phase 1 wells to further enhance production before completing the second Phase 1A production around year-end 2012.

Tullow operates the Deepwater Tano licence and the Jubilee Field and is partnered by Kosmos Energy, Anadarko Petroleum, PetroSA and the Ghana National Petroleum Corporation (GNPC).

Guyana update

Tullow has let its interest in the Georgetown licence expire. The licence included the previously drilled Jaguar-1 well. However, Tullow continues to evaluate oil exploration opportunities in Guyana and the wider region.

date.png11 Dec 2012 14:18 | comments.png 0 Comments | tags.png africa ghana guyana tullow upstream [ More ]

Acquisition of major oil exploration portfolio in Norway; Planned disposal of UK and Dutch gas assets
Tullow Oil plc (“Tullow”) announces today that it has entered into an agreement to acquire Spring Energy Norway AS (“Spring”), a Norwegian exploration company, for a purchase price of $372.3 million which will be adjusted for working capital. The purchase has an effective date of 1 September 2012. Tullow is also announcing today that it intends to begin a process to dispose of its exploration, development and production assets in the UK and Dutch Southern North Sea (“SNS”) gas basin. These two transactions follow Tullow's strategy of active portfolio management and monetisation of non-core assets and will enhance the Group’s considerable oil exploration portfolio.

date.png11 Dec 2012 13:21 | comments.png 0 Comments | tags.png deals europe netherlands norway tullow uk upstream [ More ]

Twiga South-1 Oil Discovery
Tullow Oil plc (Tullow) announces that the Twiga South-1 exploration well in Block 13T, onshore Kenya, has encountered 30 metres of net oil pay with further potential to be assessed on test and has also encountered a tight fractured rock section with hydrocarbon shows over a gross interval of 796 metres.

date.png26 Nov 2012 19:21 | comments.png 0 Comments | tags.png africa kenya tullow upstream [ More ]

Tullow Oil Agrees Farm-in to Guinea Concession
Hyperdynamics Corporation (NYSE: HDY) today announced that its wholly owned subsidiary, SCS Corporation Ltd, has entered into an agreement with Tullow Guinea Ltd., a subsidiary of Tullow Oil plc, for the sale of a 40% gross interest in Hyperdynamics’ oil and gas exploration concession offshore Guinea and the transfer of operatorship to Tullow. Subject to the completion of due diligence, the sale is expected to close by year-end following the satisfaction of certain closing conditions and approval of the assignment by Guinea’s Ministry of Mines and Geology.

date.png20 Nov 2012 18:20 | comments.png 0 Comments | tags.png africa guinea tullow upstream [ More ]
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