Norway Exploration Well update

RNS Number : 8896Q

Tullow Oil PLC

22 June 2015

 



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) ([phone]) Chris Perry (Investor Relations) James Arnold (Investor Relations) George Cazenove (Media Relations)

Citigate Dewe Rogerson (London) ([phone]) Martin Jackson Shabnam Bashir

Murray Consultants (Dublin) ([phone]) 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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