Tullow Oil
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Additional milestones reached could add $14 million to purchase price. -
Target sands for the Beebei-Potaro well find water.
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Managed-pressure drilling has been associated as a technology used only on problematic wells and only as a last resort. However, when integrated at the beginning of operations as part of a comprehensive well plan, it becomes a performance-enhancing solution for any type of well classification, including development, directional, multilaterals, and horizontals.
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UK-based oil company pulls out of South American country after non-commercial finds.
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The resignations come as the company makes downward revisions to its production guidance after a disappointing performance from its TEN and Jubilee fields offshore Ghana.
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ExxonMobil has now made 14 discoveries offshore Guyana, while Tullow's announcement of its second find in the basin comes just a month after reporting its first.
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The discovery marks London-based Tullow’s first operated contribution to a long list of discoveries since 2015 in the emerging petroleum province.
