Ethiopia: Tullow Oil to Drill Third Well in Chew Bahir

tullowBritain's Tullow Oil is to start drilling its third well in Chew Bahir, according to The Reporter.

Tullow Oil will start mobilizing its drilling crew to Chew Bahir at the end of this month, Tullow’s senior corporate affairs adviser, Sisay Zerihun, told The Reporter.

The well will be drilled in a locality called Shimela, some 600 kms south of Addis Ababa.

Tullow’s has so far drilled two exploration wells - Sabissa-1 and Tultule-1 - in Ethiopia's South Omo basin without success.

Access road and other facilities are being built at Chew Bahir and drilling work will commence in the second quarter of 2014, according to Sisay.

Tullow Oil and its partners have completed a 1,174 kilometer 2D seismic survey, identifying a number of prospects and leads in the Chew Bahir Basin, on the eastern portion of the South Omo Block, according to The Reporter.

The Shimela prospect has been identified as the first well in the area. A second well location is also being considered for 2014.

Source: The Reporter

Exchange Rates

Selling Buying Change
USD 20.3536  19.9545  0.0049
GBP 32.5372  31.8993  -0.2255
EUR 25.6109  25.1087  -0.1854
CHF 21.2393  20.8228  -0.1525
CAD 18.1907  17.834  0.0789
AED 5.5416  5.4329  0.0013