Tullow to gain interest in Hewett fields

ISEQ-listed exploration company Tullow Oil and Eni have exercised rights of pre-emption in relation to the sale to Petrofac of Centrica’s 23.15% interest in the Hewett Field Unit area.

Tullow will gain an additional 12.87% interest in the Hewett fields and the Bacton terminal on the same terms that were originally agreed with Petrofac.