Tullow Oil plc has completed the sale of its entire working interest in the South Lokichar Basin in Kenya to Auron Energy E&P Ltd, an affiliate of Gulf Energy Ltd. PRIORITIES The company has received the full tranche A proceeds of US$40 million (£30m) of the total minimum $120m. “The successful completion of this transaction marks a […]
Tag: Tullow Oil plc
Tullow appoints Ian Perks as CEO
Tullow Oil plc has appointed Ian Perks as chief executive office and to the board, effective from 15 September. Chief financial and interim CEO, Richard Miller, who replaced Rahul Dhir, will return to his role of CFO. Mr Perks has more than 30 years’ experience in upstream oil and gas, having worked in Africa and […]
Tullow independent NED steps down
Tullow Oil plc independent non-executive director Sheila Khama will step down from the board from 1 August 2025. Ms Khama will leave to focus on her other professional commitments and roles outside of Tullow. “On behalf of the board, I would like to thank Sheila for her contribution and support over the last six years […]
Tullow completes sale of Gabon assets
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 […]
Tullow signs SPA for Kenya assets
Tullow Oil plc has signed a sale and purchase agreement for a minimum US$120 million in cash for its Kenya assets with Auron Energy E&P Ltd, an affiliate of Gulf Energy Ltd. PRIORITY The portfolio, comprising four onshore blocks in the South Lokichar Basin, represents circa 463 million barrels of 2C resources. Payment, in three […]
Tullow NED buys 100,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought 100,000 ordinary shares of 10 pence each, at a price of £0.168 per share. The purchase for £16,800 took place on 25 June 2025. Tullow’s operated and non-operated assets are located in Africa, Argentina and the UK.