Tullow returns to Lake Albert

Irish independent Tullow Oil has recommenced its major exploration and appraisal campaign in the Lake Albert Rift basin in Uganda

Two wells were expected to spud in Exploration Area 1(EA 1) as of April 30, 2011. The OGEC 600 rig had been prepared for the Jobi-East prospect while the OGEC 750 rig was getting ready to drill the first Mpyo exploratory appraisal well to test its upside potential.

“These wells are the start of a major programme of exploration and appraisal drilling, seismic acquisition, and well testing to access the significant remaining upside potential in the basin and further expand the resource base for development”, Tullow said in a statement.

Tullow’s Ugandan exploration campaign came to a halt in the wake of the company’s takeover the assets of Heritage Oil, which itself led to a drawn out dispute over taxes. Tullow and the Ugandan authorities reached a compromise in March 2011, enabling the Irish operator to complete a farm-down of assets to French major Total and Chinese behemoth CNOOC.

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