Since 2007, in South and East Africa, Tullow has been very active exploring the Lake Albert basin in Uganda and in 2012 successfully completed a partial farmdown of its acreage to CNOOC and Total for $2.9bn. The Group now has an aligned partnership focused on an appraisal programme and development of the basin.
Following the success in Uganda, Tullow recently embarked upon the next stage of its exploration strategy in the region by securing significant acreage in Kenya and Ethiopia in 2011, with drilling commencing in Kenya in January 2012. With the first basin opening well, Ngamia-1, Tullow was pleased to announce that over 200 metres of net oil pay was discovered and this was followed by three further successful wells at Twiga South-1, Etuko-1 and Ekales-1. Significant activity will continue in this area through 2013/14.
In August 2012, Tullow announced that it had farmed in to offshore Mozambique with 2 exploration wells drilled to date in 2013.