facebook
twitter
rss
account
search
search
 

Mauritania plans paused for Tullow Oil

'Bold attempt' to find oil off Mauritania unsuccessful for Tullow Oil.
By Daniel J. Graeber   |   April 25, 2014 at 10:12 AM   |   Comments

http://cdnph.upi.com/sv/em/upi/UPI-2401398434507/2014/1/6770839933a30055707e3d5ac4db2926/Mauritania-plans-paused-for-Tullow-Oil.jpg
LONDON, April 25 (UPI) -- Tullow Oil will put its plans in Mauritania on hold to review data from what Exploration Director Angus McCoss said Friday was a bold effort in a frontier area.

Tullow, which has headquarters in London, announced it came up empty at it Tapendar-1 exploration well off the coast of Mauritania. The company said it has a major stake in offshore developments in the country, though Tapendar-1 is its second disappointment this year.

McCoss said his company was trying to replicate the success of major discoveries found nearby off the coast of Ghana, where the Jubilee field could eventually produce more than 125,000 barrels of oil per day for Tullow.

The Tapendar-1 frontier exploration well was a "bold attempt" to open up new oil reserves in what he said was a highly prospective area.

"Following these opening wells, we and our partners will now pause to analyze the data gathered from the exploration campaign thus far," he said in a statement Friday. "We will then decide on the location and timings of the next wells which will continue to focus on exploring for conventional oil plays."

The U.S. Energy Information Agency ranks Mauritania 73rd in the world in terms of crude oil production.

Follow @dan_graeber and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Kurds claim win in latest oil row
2
Putin says hands tied on gas issues
3
Tanzania positioned as LNG hub, BG Group says
4
North Dakota gets more gas processing capacity
5
Zara pulls toddler shirt featuring apparent Holocaust star from stores
Trending News
Video
x
Feedback