Africa Oil Corp (AOIFF)

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while Africa Oil Corporation owns the reamining 50% stake...

Tullow Oil Abandons Emesek-1 Well in Northern Kenya

Date : 11/17/2015 @ 11:55AM
Source : Dow Jones News
Stock : Tullow Oil Plc. (PC) (TUWOY)
Quote : 1.435 0.005 (0.35%) @ 9:00PM
Tullow Oil Abandons Emesek-1 Well in Northern Kenya


Tullow Oil (LSE:TLW)

Today : Tuesday 17 November 2015
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By Alex MacDonald

LONDON--Africa-focused Tullow Oil PLC (TLW.LN) said Tuesday it will plug and abandon the Emesek-1 exploration well in Block 13T in the North Lokichar basin, northern Kenya, after failing to encounter commercial quantities of oil and gas.

Following completion of operations, the rig at Emesek-1 will move to the South Lokichar basin to drill the Etom-2 well which is expected to start drilling in late November.

Tullow is a 50% owner and operator of Block 13T while Africa Oil Corporation owns the reamining 50% stake.