Drilling Update

RNS Number : 4962D

Tullow Oil PLC

16 September 2008

 



News Release 

India campaign - drilling update

16 September 2008 - Tullow Oil plc announces that the G1 well, located in Block CB-ON/1 onshore India, has failed to encounter hydrocarbons and has been plugged and abandoned.

Drilling operations at G1 commenced on 16 August and reached a total depth of 2,300m on 8 September. Sands in the main objective were well-developed over a large vertical interval between approximately 985m and 1,800m but petrophysical log evaluation and fluid sampling proved them to be water-bearing. 

This latest well in the current campaign was drilled in the northern part of the CB-ON/1 block. The rig will now move to the site of the geologically independent F1 prospect, which lies in the south of the block. Drilling is expected to commence in late September and is scheduled to continue for approximately four weeks.

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc  ([phone]) Aidan Heavey Angus McCoss Chris Perry

Citigate Dewe Rogerson  ([phone])  Martin Jackson George Cazenove

Murray Consultants  ([phone])  Joe Murray  Ed Micheau

Notes to Editors

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 100 exploration and production licences across 22 countries and focuses on four core areas: Europe, Africa, South Asia and South America.

Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames-Hewett areas and operates over 70% of its production. The company also has interests offshore the Netherlands and Portugal.

In Africa, Tullow has production in Gabon, Côte d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, Côte d'Ivoire, Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.

In South Asia, Tullow has exploration and production in Pakistan and Bangladesh and high impact exploration activities in India.

In South America Tullow has high impact exploration interests in Trinidad and Tobago, French Guiana and Suriname. 

For further information please refer to our website at www.tullowoil.com.

 

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