Tullow: Potential for more oil finds

TULLOW Oil has indicated that there is still further potential for fresh oil discoveries at its oil well at its Deepwater Tano licence off the coast of Ghana.

This comes following the discovery of more oil bearing sands as a result of deeper drilling at the site, which is 49.95% owned by the Irish company.

The Dublin and London-quoted exploration company said that its latest drilling round encountered four extra metres of highly pressurised oil bearing sands.