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Tullow Oil selling Guyana asset after exploration wells disappoint - Upstream Online

Upstream Online · last updated

Tullow Oil selling Guyana asset after exploration wells disappoint | Upstream Online

Africa-focused independent Tullow Oil has agreed to sell for an initial $700,000 in cash its operated stake in the Orinduik licence offshore Guyana to Eco Atlantic, in a deal that would see Tullow benefit in the event of a commercial discovery and any future production.

Tullow Oil selling Guyana asset after exploration wells disappoint

New operator Eco Atlantic seeks fresh partners to "proactively engage" in drilling

10 August 2023 7:00 GMT Updated 10 August 2023 7:58 GMT
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