Tullow discovery is second in two days

TULLOW Oil yesterday announced its second significant oil discovery in as many days.

The Irish-founded exploration company said appraisal studies have found 39 metres of net oil pay and eight metres of net gas pay at the Kasamene-2 well in Uganda.

The news followed Thursday’s announcement of a major oil and gas find in Ghana, which may end up rivalling Tullow’s Jubilee field in that country in terms of production capability.