Tullow Oil sells Schooner and Ketch gas field interest for £45m
Published 30/04/2014 | 07:42
TULLOW Oil has sold its operating equity in the Schooner and Ketch gas fields in the North Sea for £45m plus a royalty on future developments.
Tullow also said in an interim management statement this morning that its year-to-date revenues and cost of sales are in line with expectations.
Davy Stockbrokers said that the two most significant wells are the Shimela-1 well in Ethiopia and the Tullow-operated Gotama well offshore Norway.