Tullow to sell 20% stake in Namibia gas field

Tullow Oil will sell Itochu Corporation, a 20% stake in its Namibia production licence, which contains the Kudu gas field.

Tullow to sell 20% stake in Namibia gas field
Wed, 04 Apr, 2007 - 09:25

Tullow Oil will sell Itochu Corporation, a 20% stake in its Namibia production licence, which contains the Kudu gas field.

To earn the 20% interest, Itochu will pay 40% of the cost of two appraisal wells to investigate the field's potential.

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CourtsBusinessHeathrowPlace: NamibiaOrganisation: TullowOrganisation: Tullow OilOrganisation: Itochu CorporationOrganisation: Itochu
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