Tullow Oil PLC Erut-1 oil discovery in Kenya (2933U)
January 17 2017 - 2:00AM
UK Regulatory
TIDMTLW
RNS Number : 2933U
Tullow Oil PLC
17 January 2017
News Release
THIS PRESS RELEASE CONTAINS INSIDE INFORMATION
Erut-1 oil discovery in Kenya
17 January 2017 - Tullow Oil plc (Tullow) is pleased to announce
that the Erut-1 well in Block 13T, Northern Kenya, has discovered a
gross oil interval of 55 metres with 25 metres of net oil pay at a
depth of 700 metres. The overall oil column for the field is
considered to be 100 to 125 metres.
The objective of the well was to test a structural trap at the
northern limit of the South Lokichar basin. The Erut-1 well was
drilled ten kilometers north of the Etom-2 well and shares
important characteristics. Fluid samples taken and wireline logging
all indicate the presence of recoverable oil. Erut-1 successfully
shows that oil has migrated to the northern limit of the South
Lokichar basin and has de-risked multiple prospects in this area
which will now be considered in the Partnership's future
exploration and appraisal drilling programme.
The PR Marriott Rig-46 drilled the Erut-1 well to a final depth
of 1,317 metres and will now move to the southern part of Block
10BB where it will spud the Amosing-6 appraisal well.
Tullow operates Blocks 13T and 10BB with 50% equity and is
partnered by Africa Oil Corporation and Maersk Oil both with
25%.
Angus McCoss, Exploration Director, commented today:
"This is an exciting discovery from a bold exploration well that
proves that oil has migrated to the northern limit of the South
Lokichar basin. This extends the known hydrocarbon limits of the
basin beyond the successful Etom discovery into the underexplored
northern part of the basin where we have several undrilled
prospects. Following the scheduled appraisal wells at Amosing-6 and
Ngamia-10, further exploration drilling of this area is now being
planned."
FOR FURTHER INFORMATION CONTACT:
Tullow Oil Murray Consultants
plc (Dublin)
(London) (+353 1
(+44 20 3249 498 0300)
9000) Pat Walsh
Chris Perry Joe Heron
(investors)
Nicola Rogers
(investors)
George Cazenove
(media)
================= ===================
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 110
exploration and production licences across 19 countries which are
managed as three business delivery teams: West Africa, East Africa
and New Ventures.
Follow Tullow on:
Twitter: www.twitter.com/TullowOilplc YouTube: www.youtube.com/TullowOilplc
Facebook: www.facebook.com/TullowOilplc LinkedIn: www.linkedin.com/company/Tullow-Oil
Website: www.tullowoil.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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