Tullow announces sales

Tullow Oil has announced that it has agreed the sale of its interests in 10 CMS Area blocks to Venture Production plc for a total cash consideration of £35m (€44.5m).

Tullow announces sales

Tullow Oil has announced that it has agreed the sale of its interests in 10 CMS Area blocks to Venture Production plc for a total cash consideration of £35m (€44.5m).

The sale is part of an ongoing process of portfolio management which will enable the group to allocate capital to more material exploration, appraisal and development projects within its global portfolio.

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