Oil & gas company Tullow Oil completes sale of its interest in Dussafu Marin to Panoro Energy

GABON – Tullow Oil, an Oil and gas company, has completed the sale of its 10% working interest in the Dussafu Marin permit asset in Gabon to Oslo-listed Panoro Energy. Tullow Oil announced that it had already received a payment of US$39 million for the Dussafu asset earlier in the day as well as a U$5 million contingent consideration relating to the Equatorial Guinea transaction. Following the completion, Panoro-Gabon holds a 17.4997% non-operated working interest in the Dussafu Marin permit. “We are extremely pleased to have completed the acquisition of…

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