Tullow to offload Bangladesh asset
Tullow’s intention to sell its Bangladeshi business has been clear for some time, as the Irish-founded firm looks to dispose of its non-core assets and focus on its African, South American and European-based light oil exploration projects.
This year will see Tullow sell its eight Asian gas licences, which apart from Bangladesh also cover Pakistan; while the halfway point of the year should also see its North Sea gas assets sold.