Tullow expects African field upgrades

Exploration company Tullow Oil says estimates of resources at two of its oil fields in Africa are likely to be upgraded after the latest drilling results.

The company announced successful results from the Hyedua-2 well off the coast of Ghana and the Kingfisher-3 well in Uganda.

Commenting today, Aidan Heavey, Chief Executive, said: “Encountering significant hydrocarbon columns outside of the proven area of both the Jubilee and Kingfisher fields is an outstanding result. We are entering an exciting period for Tullow’s Ghanaian and Ugandan operations with four potentially transformational wells to be drilled over the next four months.”