Business Irish

Monday 1 May 2017

Oil find boosts Heavey by €22m

Nick Webb

Nick Webb

Tullow's Lambourghini-driving boss Aidan Heavey, above, was €22m better off last week as shares rocketed when his firm struck oil off South America.

Tullow announced the oil find at its Zaedyus prospect last Friday. Drilling had taken place near the infamous Devil's Island -- the penal colony immortalised in the Steve McQueen film Papillon.

The €15bn-valued firm staked a fortune on finding the same kind of reservoirs off French Guiana that it had drilled off Ghana.

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