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Tullow Oil stung by another failed African oil project - Telegraph.co.uk
Telegraph.co.uk | Tullow Oil stung by another failed African oil project Telegraph.co.uk Tullow Oil has been forced to abandon an ambitious oil project off the coast of Suriname after the explorer failed to make an economic discovery. The London-listed group took a 5pc hit to its share price after admitting that the 1.6-mile deep Araku-1 ... Tullow Oil fails to find a good quality reservoir in offshore Suriname Tullow's wildcat exploration fails to strike oil in Suriname Tullow Oil Araku-1 exploration well misses mark |
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