With the billion-dollar buy-up of Hardman Resources sealed, London-listed Tullow Oil has averaged 11 percent more production in 2007 over a year ago, at 80,000 barrels of oil equivalent per day, and is set to reap rewards.
Tullow declared Wednesday that it spent £330 million on E&P in 2006, and for the buy-up of Hardman is poised for control of Uganda’s Albertine Basin. Field assets in Mauritania, including Chinguetti, could ratchet up company flows in short order.
In Northern Europe, Thurne and Kelvin are being developed: A February sidetrack of the Deben well will re-use the Thames platform for 40 million standard cubic feet per day of production in the autumn.
A single well and platform will tie the Kelvin field back to CMS infrastructure. The platform is being built and will spud late in 2007 for 80 MMscfd by December.
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