Tullow Oil Plc to divest its asset in west coast of Central Africa

WEST AFRICA – Tullow Oil Plc TUWOY plans to divest its overall assets in the productive fields of Equatorial Guinea and the Dussafu Marin in Gabon on the west coast of Central Africa. Tullow Oil signed the individual sale and purchase agreements with Oslo-listed Panoro Energy ASA (or Panoro) for all of its holdings in the Equatorial Guinea and Dussafu assets. Notably, Panoro will have a 14.25% ownership interest in the exploratory Block G offshore Equatorial Guinea and an extra 10% interest in the BW Energy-operated Dussafu Marin Permit, wherein…

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