Tullow Oil acquires licences in Gabon

Tullow Oil has recently acquired a package of assets from the Gabonese government through a 50:50 Joint Venture with AIC-Petrofi Limited.

The package comprises interests in three producing fields and back-in rights to a further nine Exploration Licences. Two additional fields, presently held under exploration licences, are awaiting development approval and are expected on stream over the next 18 months.