Saturday 24 February 2018

Tullow Oil to abandon Ethiopian well

Sarah McCabe

Sarah McCabe

African-focused oil and gas miner Tullow says a well it drilled in Ethiopia had failed to find oil.

Tullow announced this morning that the well, referred to as the Tultule-1 wildcat well in the South Omo block onshore Ethipia, will be plugged and abandoned as a dry hole.

Tullow was the operator of this well with a 50pc interest along with partners Africa Oil (30pc) and Marathon (20pc).

The Irish-founded mining company added that the rig used on that site will now move to a different area of the country to drill another well.

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