Monday February 17, 2020

Tullow Oil to sell exploration, development licences in Norway

The exploration group plans to focus on its core portfolio in Africa and South America

23rd August, 2016
Tullow Oil chief executive Aidan Heavey

Tullow Oil is to sell its exploration and development licences in Norway in order to prioritise its investment in its core portfolio in Africa and South America, reports have said.

The exploration group has 34 licenses in Norway and planned to drill four exploration wells this year. Its most recent offshore Norway well failed to encounter any hydrocarbons at the Rome Prospect in July.

(Additional reporting by Bloomberg...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 1 day ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 1 day ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 1 day ago