Tullow Identifies 2013 Strategy
News: UK independent Tullow Oil has announced plans to drill 40 wells in 2013, a move aimed at raising annual production to around 1bn barrels of oil equivalent (boe). The company will drill 11 wells in Kenya and Ethiopia, including the Paipai-1 wildcat well in Kenya's Rift Valley. It also intends to drill the Sabisa-1 well on the South Omo Block in Ethopia in the next two weeks. Tullow's exploration and appraisal campaign will entail an investment of around US$900mn.