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Orcadian has entered into a binding Memorandum of Understanding (MoU) with SLB (formerly Schlumberger) to deliver core services for the wells on the Company’s Pilot project.
Tullow has said that it will be seeking a fresh extension from the Ministry of Energy on the deadline that had been set to produce the field development plan, signalling further delays.
Tullow Oil share price remained in a consolidation mode this week after the company published its trading statement.
Kenya’s dream of becoming an oil exporter has been thrown into uncertainty after Britain’s Tullow Oil signalled a delay in developing the country’s only oil project.
Tullow Oil has issued a statement to provide an update on its ongoing operations and expectations for the full year. In the first 10 months of the year, Tullow has delivered on its operating and financial targets as the Company successfully delivers its business plan despite the disappointment of the two strategic Ntomme wells.