Last checked at 22 Jun 2015 18:18
News Release
Norway exploration well update
22 June 2015 - Tullow Oil plc ('Tullow') announces that the Zumba exploration well (6507/11-11) in licence area PL 591 in the Norwegian Sea has not encountered hydrocarbons and will now be plugged and abandoned.
The primary objective of the well was to prove hydrocarbons in the Upper Jurassic Rogn Formation with a secondary target in the Mid-Jurassic Garn Formation of the Fangst Group. The well found no reservoir development in the Rogn Formation and, while the Garn Formation had good reservoir quality, no hydrocarbons were present in either target.
The well was drilled by the Leiv Eiriksson rig in 270 metres of water to a Total Depth of 2875 metres.
Tullow Oil Norge AS is the operator of PL 591 with 40% equity. Lime Petroleum Norway AS (25%), Rocksource (20%*) and North Energy ASA (15%) hold non-operated interests.
*subject to regulatory approval
FOR FURTHER INFORMATION CONTACT:
Tullow Oil plc (London) (+44 20 3249 9000) Chris Perry (Investor Relations) James Arnold (Investor Relations) George Cazenove (Media Relations) | Citigate Dewe Rogerson (London) (+44 207 638 9571) Martin Jackson Shabnam Bashir
| Murray Consultants (Dublin) (+353 1 498 0300) Pat Walsh Joe Heron |
NOTES TO EDITORS
Tullow Oil plc
Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 130 exploration and production licences across 22 countries which are managed as three regional business units: West & North Africa, South & East Africa and Europe, South America and Asia.
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