Tullow Oil joins FTSE Index

TULLOW Oil, which has oil and gas interests on four continents, is on course to enter the FTSE 100 Index later this month.

Shares in the company have risen sharply due to its continuing success in building its oil and gas reserves.

Valued at £3.3 billion (€4.8bn), analysts said Tullow was likely to be ranked 75th among the FTSE’s blue-chip listing in London.