oil prospecting in Africa

Tullow to acquire the Ghanaian interests of EO Group Limited for $305 million

News Release: 26 May 2011 – Tullow Oil plc (“Tullow” or “the Company”) announces that today it entered into a conditional agreement to acquire the interests of EO Group Limited (EO), consisting of its entire interests offshore Ghana, for a combined share and cash consideration of $305 million. This acquisition will increase Tullow’s interest in […]

Tullow Oil’s Teak-1 exploration well discovers hydrocarbons offshore Ghana

News Release: 10 February 2011 – Tullow Oil plc (Tullow) announces that the Teak-1 exploration well in the West Cape Three Points licence offshore Ghana has discovered approximately 73 metres of net hydrocarbons in two Campanian and three Turonian-aged reservoirs. The well was located 4.6 km northeast of the Mahogany-2 well, 2.7 km outside the […]