In September 2010, Tullow announced that it had signed a Production Sharing Contract with Staatsolie in relation to Block 47, a 2,369 sq km deepwater exploration licence where there is the potential to extend the Jubilee play from West Africa across the Atlantic to Suriname, where it has done so in French Guiana.
In the second half of 2013, Tullow was awarded a 50% operated interest in Block 54 jointly with Statoil. In October 2015, Tullow completed a 20% farm out of Block 54 to Noble for a carry, leaving Tullow with a 30% interest and retained operatorship.
Exploration & Appraisal
A 4,000 sq km 3D seismic programme of the Tullow-operated offshore Block 54 was completed in September 2015. Tullow and its partners are reviewing the very encouraging results of the seismic programme ahead of selecting future drilling prospects. In the neighbouring Block 47, a two year licence extension has been granted and a drop core survey is planned to be completed in 2016.