REG - Tullow Oil PLC - Well update - Norway <Origin Href="QuoteRef">TLW.L</Origin>

Tullow OilAnnouncement

06/09/2014 18:34

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RNS Number : 7998M
Tullow Oil PLC
21 July 2014 
 
News Release 
 
Well update - Norway 
 
21 July 2014 - Tullow Oil plc ("Tullow") today announces that Tullow Oil Norge
AS, operator of the production licence PL 507, did not encounter hydrocarbons
in the Lupus exploration well (31/10-1) which will now be plugged and
abandoned. The well is located 35 km south east of the Oseberg Sør Field and
110 km west of the island of Sotra in the North Sea. This is the first well in
production licence PL 507. 
 
The primary objective of the Lupus-1 wildcat exploration well was to find
hydrocarbons in the Paleocene Hermod Formation in a stratigraphic trap. The
well also targeted reservoir quality sandstones of the Paleocene Ty Formation
of the Rogaland Group. The well found good quality sandstones in the Paleocene
Hermod Formation but no hydrocarbons were encountered. No sandstones were
found in the Paleocene Ty Formation. The well will now be plugged and
abandoned and well data gained will be used to calibrate geological and
geophysical uncertainties and reduce risks in future exploration wells. 
 
The well was drilled to a Total Depth of 2,357 metres by the semi-submersible
Borgland Dolphin rig in a water depth of 121 metres. Tullow Oil Norge AS is
the operator of production licence PL 507 with 60% equity (40% paying
interest). The other partners are Explora Petroleum (20%),Ithaca Energy (10%)
and North Energy (10%). 
 
FOR FURTHER INFORMATION CONTACT: 
 
 Tullow Oil plc (London)(+44 20 3249 9000)Chris Perry (Investor Relations)James Arnold (Investor Relations)George Cazenove (Media Relations)  Citigate Dewe Rogerson(London) (+44 207 638 9571) Martin JacksonShabnam Bashir  Murray Consultants (Dublin)(+353 1 498 0300) Pat WalshJoe Heron  
 
 
Notes to Editors 
 
Tullow Oil plc 
 
Tullow is a leading independent oil & gas, exploration and production group,
quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW) and is
a constituent of the FTSE 100 Index. The Group has interests in over 140
exploration and production licences across 23 countries which are managed as
three regional business units: West & North Africa, South & East Africa and
Europe, South America and Asia. 
 
Follow Tullow on: 
 
Twitter: www.twitter.com/TullowOilplc                                        
YouTube: www.youtube.com/TullowOilplc 
 
Facebook: www.facebook.com/TullowOilplc                               
LinkedIn: www.linkedin.com/company/Tullow-Oil 
 
IR App: bit.ly/TullowApp                                                      
             Website: www.tullowoil.com 
 
This information is provided by RNS
The company news service from the London Stock Exchange