Tullow enters agreement on its Gabon interest

Tullow Oil has announced its subsidiary, Energy Africa Gabon SA (EAGSA), has entered into a participation agreement with Forest Oil Gryphon Marin BV whereby EAGSA will earn a 15% working interest in the Gryphon Marin permit in the southern Gabon offshore.

This working interest is additional to EAGSA’s existing option on a 10% participation in the event of a commercial development. Partners in the licence are Forest (40%, operator), PetroSA (25%) and Paladin (20%).