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Tullow notes the announcement from its partner, Northern Petroleum plc issued at 11.40am today. This release was issued without prior notice from Northern Petroleum and without the approval of the operator or the joint venture partners.
Although the Priodontes well has not thus far encountered significant hydrocarbons, Tullow believes that this is due to a trap-specific issue and has no follow-on consequences for prospectivity elsewhere in the block. Tullow also notes that the shows encountered in the Bradypus fan, as described in Northern Petroleum’s release, underline the presence of a working oil charge system.
This well is now being deepened to a proposed target depth of 6,483 metres to target additional formations after which Tullow will issue a further update.
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Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. Tullow's operations are focused on its core producing assets in Ghana. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030, with a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW). For further information, please refer to: www.tullowoil.com.
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