Tullow Oil PLC GABON LICENCE EXTENSIONS (7103I)
August 09 2023 - 2:00AM
UK Regulatory
TIDMTLW
RNS Number : 7103I
Tullow Oil PLC
09 August 2023
TULLOW OIL PLC
Gabon LICENCE EXTensions
9 August 2023 - Tullow is pleased to announce that it has gained
approval from the Government of Gabon for the extension of several
of its Gabon licences to 2046.
The licence extensions increase the value of Tullow's resource
base through the addition of c.5mmbbls net 2P reserves that will
deliver c.100% 2P reserves replacement in Gabon this year.
This activity is in line with the Group's strategy to focus on
its high return production assets in Africa and unlock value
through optimisation of its non-operated portfolio. The extensions
reflect the future potential of the reserves and resources across
the Gabonese assets and the longevity of the Tchatamba facilities
as a core hub for Tullow.
-ENDS-
CONTACTS
Tullow Camarco
(London) (London)
(+44 20 3249 9000) (+44 20 3781 9244)
Nicola Rogers Billy Clegg
Matthew Evans Georgia Edmonds
Rebecca Waterworth
==================== ====================
Notes to editors
Tullow is an independent oil & gas, exploration and
production group which is quoted on the London and Ghanaian stock
exchanges (symbol: TLW). The Group has interests in over 30
licences across eight countries. In March 2021, Tullow committed to
becoming Net Zero on its Scope 1 and 2 emissions by 2030. For
further information, please refer to our website at
www.tullowoil.com .
Follow Tullow on:
Twitter: www.twitter.com/TullowOilplc
YouTube: www.youtube.com/TullowOilplc
Facebook: www.facebook.com/TullowOilplc
LinkedIn: www.linkedin.com/company/Tullow-Oil
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUPURGRUPWGMR
(END) Dow Jones Newswires
August 09, 2023 02:00 ET (06:00 GMT)
Tullow Oil (LSE:TLW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tullow Oil (LSE:TLW)
Historical Stock Chart
From Jul 2023 to Jul 2024