Tullow Oil abandons first Namibian well
Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, the independent oil and gas exploration and production company said today.
“The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, encountered non-commercial hydrocarbons and the well is being plugged and abandoned,” Tullow said in a statement.
Tullow operates the PEL-37 licence with 35% equity and is partnered by ONGC Videsh Ltd (30%), Pancontinental Oil & Gas (30%) and Paragon (5%).
“The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, encountered non-commercial hydrocarbons and the well is being plugged and abandoned,” Tullow said in a statement.
Tullow operates the PEL-37 licence with 35% equity and is partnered by ONGC Videsh Ltd (30%), Pancontinental Oil & Gas (30%) and Paragon (5%).
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Namibian Sun
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