Tullow Identifies 2013 Strategy


News: UK independent Tullow Oil has announced plans to drill 40 wells in 2013, a move aimed at raising annual production to around 1bn barrels of oil equivalent (boe). The company will drill 11 wells in Kenya and Ethiopia, including the Paipai-1 wildcat well in Kenya's Rift Valley. It also intends to drill the Sabisa-1 well on the South Omo Block in Ethopia in the next two weeks. Tullow's exploration and appraisal campaign will entail an investment of around US$900mn.

This article is tagged to:
Sector: Oil & Gas
Geography: Africa, Ethiopia, Kenya

Related products in our Store...

Check out our most popular reports below or view more in our store