Africa Oil Corp (AOIFF)

[douginil]

Tullow Oil plc (Tullow) announces 2017 Full Year Results

07 February 2018

Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its full year results for the year ended 31 December 2017.


Kenya’s potential confirmed; proposed First Oil in early 2020s

- Kenya resources assessment completed: 240 – 560 – 1,230 mmbo (1C–2C–3C) contingent recoverable resources from an overall discovered STOIIP of up to 4 billion barrels. Phased development is planned with FID in 2019 and First Oil in 2021/22

This estimate of recoverable resources is consistent with previous guidance provided during the exploration and appraisal phase (Pmean of 750 mmbo).

The additional remaining conventional undrilled prospect inventory of the basin is approximately 230 mmbo risked mean recoverable, not including further potential in tight-oil plays in the future.


Read more at:
https://www.tullowoil.com/media/press-releases/2017-full-year-results