Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

AIM - Assets In Market

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Iran negotiations - is the end nigh?

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Yemen: The Islamic Chessboard?

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Acquisition Criteria

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Valuation Series

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Showing posts with label relinquish. Show all posts
Showing posts with label relinquish. Show all posts

Sunday 3 August 2014

Tullow exits Liberia and Sierra Leone

On 30 July, Tullow published in H1 2014 results.

Within the results, Tullow stated:

"After evaluating potential options in Liberia and Sierra Leone, Tullow made the decision not to renew its licence interests and will exit its position. Tullow’s interest in LB-15 in Liberia expired in June 2014 and its interest in SL-07B-11 in Sierra Leone will expire in August 2014, following which Tullow will have no licence interests in either country"


Acreage map taken from Simba Energy for Liberia shows Tullow's acreage position in that country:



Acreage map for Sierra Leone from Tullow and the Petroleum Directorate respectively: