Tullow Oil plc has increased its resource base in Gabon with the extension of several of its licences until 2046. TCHATAMBA The company said that government approval will add some 5mmbbls net 2P reserves that will deliver 100% 2P reserves replacement this year. “This activity is in line with the group’s strategy to focus on […]
Tag: Tchatamba
Tullow signs cashless asset swap for Gabon licences
Tullow Oil plc has signed a cashless asset swap agreement with Perenco Oil for certain licences in Gabon on the Atlantic coast of Central Africa. ASSETS Tullow Gabon will transfer its existing participating interests of the Limande, Turnix, Moba, Oba and Simba assets to Perenco. Tullow will retain 40% in Simba. Perenco will transfer certain […]