Tullow Oil plc has completed the sale of its Gabon assets to the Gabon Oil Company and received the full proceeds of US$307 million. OPERATIONS The transaction covers exploration, development and production activities in non-operated fields. Proceeds from the sale will reduce Tullow’s debt and mark the company’s exit from Gabon after 21 years. Chief […]
Tag: Jubilee field – offshore Ghana
Tullow signs MoU to extend Ghana licences
Tullow Oil plc has signed a tentative agreement to extend until 2040 the West Cape Three Points and Deepwater Tano licences, covering the Jubilee and TEN fields, offshore Ghana. OPPORTUNITY The TEN project comprises the three offshore fields of Tweneboa, Enyenra and Ntomme, which lie in the Deepwater Tano block, 60 kilometres offshore Western Ghana. […]