Tullow Oil PLC
25 August 2005
News release
Tullow Oil plc - First Gas from Munro
25 August 2005 - Tullow Oil plc (Tullow) today announces that natural gas
production from its Munro field development commenced on 22 August 2005 at an
initial average rate of 55 mmscfd. This has been achieved six weeks ahead of
the development schedule and only 16 months after the field was discovered.
The Munro development, Tullow's second UK development in 2005, consists of a
single well, a minimum-facilities platform and a 5km pipeline that connects to
the Tullow-owned CMS III and CMS infrastructure. The Munro field, in which
Tullow has a 15% interest, is expected to produce at a peak rate of 80 mmscfd.
A full update on the rest of Tullow's activities will be provided with our
Interim Results on 14 September 2005.
If you have any questions on this announcement please contact:
Tullow Oil plc Citigate Dewe Rogerson Murray Consultants
(+44 20 8996 1000) (+44 207 638 9571) (+353 1 498 0300)
Paul McDade Martin Jackson Joe Murray
Tom Hickey
Chris Perry
Notes to Editors
Tullow is a leading independent oil and gas, exploration and production group,
quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a
constituent of the FTSE 250 Index. The Group has interests in over 90 production
and exploration licences in 16 countries and is currently focusing on three core
areas: NW Europe, West Africa and South Asia.
Tullow's UK interests are primarily focused on gas in the Southern North Sea
(SNS). The Group entered the SNS with the acquisition of a portfolio of assets
from BP in 2001. Since then, Tullow has substantially extended and enhanced its
position through exploration drilling, active development, participation in
licensing rounds and a series of bolt-on acquisitions. Group interests include
the CMS and the Thames/Hewett areas, where it is the operator of the Hewett
fields and of the Bacton Gas Terminal. A further significant step was taken
with the completion of the acquisition of the Schooner and Ketch operated assets
on 31 March 2005.
In Africa, Tullow has production in Gabon, Cote d'Ivoire, Congo (Brazzaville)
and Equatorial Guinea. Tullow also has exploration programmes in Morocco,
Mauritania, Senegal, Cameroon, and Uganda.
In South Asia, Tullow has production and exploration interests in Pakistan and
exploration activities in India and Bangladesh.
For further information please refer to our website at www.tullowoil.com
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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