Well Result

RNS Number : 3718P

Tullow Oil PLC

15 July 2010

 



News Release

 

 

Successful Nsoga-5 appraisal well result

15 July 2010 - Tullow Oil plc (Tullow) announces that the Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2, has successfully encountered 10 metres of net oil pay. The Nsoga-5 appraisal well was drilled to a total depth of 587 metres, 2.3 km to the north-east of the Nsoga-1 discovery well, targeting equivalent reservoirs in a previously un-drilled fault block.

The successful Nsoga-5 well was the first of a multi-well appraisal programme planned to further evaluate the extent and production potential of oil accumulations in the greater Nsoga area. The well has now been suspended for future re-entry.

The OGEC IRI-750 rig will now move 2 km south to the Kigogole field where it will drill the Kigogole-5 appraisal well.

Tullow has interests in three licences in the Lake Albert Rift Basin in Uganda. Tullow operates Block 2 with a 100% interest and has a 50% interest in Blocks 1 and 3A which are operated by Heritage Oil (50%). 

Commenting today, Angus McCoss, Exploration Director, said:

"Another successful well in the Butiaba appraisal campaign further enhances our understanding of these high quality stacked fluvial reservoirs and will assist with the basin-wide development plan that Tullow and its new partners will be working on during the second half of 2010."

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc ([phone]) Angus McCoss Chris Perry James Arnold

Citigate Dewe Rogerson ([phone]) Martin Jackson George Cazenove

Murray Consultants ([phone]) Joe Murray Ed Micheau

Notes to Editors

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 85 exploration and production licences across 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.

In Africa, Tullow has production in Gabon, Côte d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, Côte d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.

Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area. The company also has interests offshore the Netherlands.

In South Asia, Tullow has exploration and production in Pakistan and Bangladesh. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname.

For further information please refer to our website at www.tullowoil.com.

 

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