Tullow Oil's latest Ethiopian well fails to find oil

Tullow Oil’s latest Ethiopian well has not encountered commercial oil and is to be abandoned, it said in an update this morning.

14th July, 2014
Tullow Oil's chief executive Aidan Heavey.

Tullow Oil’s latest Ethiopian well has not encountered commercial oil and is to be abandoned, it said in an update this morning.

The Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence, onshore Ethiopia, has reached a total depth of 2,468 metres in basement, without encountering commercial oil, it said.

The well intersected lacustrine and volcanic formations, similar to those found in the Shimela-1 well...

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