Monday 23 October 2017

Blow for Tullow Oil as it abandons offshore Norway well

Tullow Oil
Tullow Oil

TULLOW OIL said today it will abandon and plug its exploration well in Norway's Gotama prospect.

It made the decision after it failed to find reservoir quality sandstones in the Upper Jurassic main target.

Tullow has 80pc of the 550 licence and is partnered by Det Norske and VNG Norge AS, each have 10pc.

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