2merkato

Tullow Oil disclosed it has started talks with the Ethiopian government to extend its exploration license.

Tullow Oil, the British oil company exploring for oil in the South Omo basin, decided to move its staff as well as equipments out of Ethiopia.

Tullow Oil plc (Tullow) announces that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia, has reached a total depth of 2,101 metres and will be plugged and abandoned as a dry hole.

The well was targeting a reservoir section similar to the sands drilled in the nearby Sabisa-1 well where oil shows were encountered but these sands were not penetrated in Tultule-1. Gas shows were however recorded which reaffirm the presence of a hydrocarbon source in the region.

Tullow Oil has begun drilling work on its concession in South Omo, Ethiopia. The British oil exploration is drilling its first well following eighteen month long seismic tests an area over 18 thousand kilometers square. The company began drilling last week on the bloc named after a local bird ‘Sabisa’.

The explorer has hired a drilling company, and all the drilling machines and other required machines have arrived at the drilling location according to sources.

It is to be remembered that the Ethiopian Ministry of Mines announced that it was in the process of facilitating visas for a Tullow drilling crew that will oversee the launch of drilling processes in October.

Tullow Oil, a British company, which recently launched oil exploration activities in the South Omo valley, hired BGP Geo Services PLC, a Chinese company, to carry out a seismic survey in the concession area.

Tullow Oil started the oil exploration work in the South Omo valley after it bought a 50 percent stake in the South Omo valley from Africa Oil.