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Published on: 16 September 2016
Tullow Oil plc is pleased to announce that drilling and testing of the Cara prospect in licence 636 in the Norwegian North Sea has been completed.
The well was drilled to a total depth of 2,702 metres in 349 metres of water, 6 kilometres northeast of the Gjøa field.
The well encountered a gas column of 51 metres and an oil column of 60 metres with the operator estimating between 25 million barrels of oil equivalent (boe) and 70 million boe have been discovered. Extensive data acquisition was undertaken including wireline logging and three successful core runs and a successful production test. The partners will now evaluate the possibility of linking this discovery to existing infrastructure at the nearby Gjøa field.
ENGIE E&P Norge AS is the operator of licence 636 with a 30% stake. The other partners are Tullow Oil Norge AS (20%), Idemitsu Petroleum Norge (30%) and Wellesley Petroleum AS (20%).
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Tullow Oil Plc
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EXPLORATION STAGE |
CODE : TLW.L |
ISIN : GB0001500809 |
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Tullow Oil is a oil exploration company based in United kingdom. Its main exploration property is BLOCKS I AND II - ALBERT BASIN in Congo Dem. Rep. of. Tullow Oil is listed in United Kingdom. Its market capitalisation is GBX 50.9 billions as of today (US$ 59.4 billions, € 55.5 billions). Its stock quote reached its highest recent level on October 18, 2013 at GBX 991.68, and its lowest recent point on January 08, 2021 at GBX 0.29. Tullow Oil has 1 386 600 000 shares outstanding. |