Tullow Oil plc announced it would increase its equity interest in the Jubilee and TEN fields in Ghana. PRE-EMPTION The company has exercised its right of pre-emption related to the sale of Occidental Petroleum’s interests in the fields to Kosmos Energy. Tullow aims to increase its share in the Deepwater Tano (DWT) block by 7.7% to a total […]
Tag: Tullow Oil plc
Tullow appoints Phuthuma Nhleko as non-executive chairman
Tullow Oil plc has appointed Phuthuma Nhleko as an independent non-executive director and chairman-designate. He replaces Dorothy Thompson CBE who will retire as chairman and from the board by the end of 2021. Mr Nhleko has extensive experience in emerging markets having worked across Africa over the past three decades. He was chief executive of […]
Tullow Oil chief executive officer Les Wood to leave
Tullow Oil plc has announced that its chief financial officer (CFO) and executive director Les Wood has mutually agreed with the board that he will leave the company. Mr Wood will remain CFO and an executive director of Tullow throughout the current reporting cycle. He is expected to leave the group at the end of […]
United acquires Walton Morant from Tullow
United Oil & Gas plc has acquired the Walton Morant licence in Jamaica on a 100% operated basis, with its initial exploration period extended by 18 months. TARGETS The Jamaican Government approved the move which sees United take Tullow’s 80% equity in the licence for a nominal fee to become the operator and 100% equity […]