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Perenco, Tullow Oil’s partner in the Arouwe block offshore Gabon, today issued the following operational update.

“Perenco announces that the Sputnik‑1 well, targeting a pre‑salt structure in Gabon’s offshore Arouwe block, has encountered non commercial hydrocarbon pay in up to 300 metres of net sandstone reservoir.

The Vantage Tungsten Explorer drill ship, drilled Sputnik‑1 to a final depth of 4,868 metres in water depths of 1,023 metres.

The rig will now leave the Arouwe block and the results of this well will be incorporated into wider understanding of the region.”

Tullow has a 35% interest in the Arouwe block with partners Perenco (35%, Operator) and ExxonMobil (30%).

COMMENTING ON TODAY’S ANNOUNCEMENT, ANGUS MCCOSS, EXPLORATION DIRECTOR, SAID:

“This is an encouraging result from the pre‑salt play, offshore Gabon. Having found a petroleum system, we will now take the data from this well and integrate it with our seismic data to discuss with partners our next steps for the licence.”

Contacts

Tullow Investor Relations Camarco (Media)

ir@tullowoil.com
Matthew Evans

(+44 20 3757 4980)
Billy Clegg
Georgia Edmonds
Rebecca Waterworth

Notes to editors

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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