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Message: Tullow trading statement operational update

Tullow trading statement operational update

posted on Jan 27, 2010 06:00PM

SOUTH AMERICA

In the Equatorial Atlantic region of South America, Tullow has exploration interests in Guyana, Suriname and French Guiana. Recent focus in South America has been on new venture opportunities pursuing play types similar to the Jubilee field in Ghana across the Atlantic.

French Guiana

After a successful farmdown process to Shell (33%) and Total (25%), Tullow has reduced its 97.5% interest down to a 39.5% operated interest in the 35,000 square kilometre Guyane Maritime licence offshore French Guiana. A number of Jubilee-type leads have been identified in the southeastern part of the block and acquisition of a large 3D seismic programme over these began in mid-September and is nearing completion. Tullow aims to spud its first well in the block in December 2010.

Guyana

Interpretation of the Georgetown block (Tullow 30%) 3D seismic data acquired in January 2009 has identified a number of prospects in the Upper Cretaceous and Tertiary intervals. A drilling programme, to evaluate these prospects, is currently scheduled to coincide with drilling in French Guiana.

Suriname

The five well drilling programme on the onshore Coronie licence (Tullow 40%) is now due to commence in March 2010
http://www.tullowoil.com/tlw/media/news/2010/2010-01-27/

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