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Key Partnerships


Tullow Oil is a multinational oil and gas exploration company, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW) and is a constituent of the FTSE 250 Index. Tullow Oil is focused on finding and monetising oil assets in Africa and the Atlantic Margins and has a portfolio of over 120 licenses for exploration and production assets in Africa, Latin America, the Caribbean and Europe.

Tullow has oil and gas reserves and resources as at 30th June 2016 of approximately 1108 mmbbl, of oil, 974.2 bcf of gas and 1270 mmboe of petroleum. Tullow’s total production for the year to 31 December 2015 was approximately [73,400 boepd - annualised].

Interests:
Orinduick Block, Guyana

  • Operator and holds 60% working interest
  • Tullow carries Eco Atlantic for US$1.25m of the 3D survey required in the initial four years of the exploration programme work commitment

Cooper Block, Namibia

  • Holds a 25% working interest
  • Will carry Eco Atlantic’s portion of the cost of 3D seismic testing
  • If a significant target is found following 3D seismic testing, Tullow will fully fund the carry cost of a test well for an additional 15% working interest

 


NAMCOR is an integrated oil and gas company, wholly owned by the Government of Namibia. The Company is a legally enacted entity under the Namibian Companies Act of 1973. Under the Petroleum Act, NAMCOR engages in reconnaissance, exploration and production operations either on its own or in partnership with other organisations in the oil and gas industry.

Interest:
NAMCOR carries a 10% interest in the licences to production

 


AzinNam is a well-funded, fast growing private oil and gas exploration and production company, focused on opportunities in Namibia. AziNam is wholly owned by Seacrest, a Bermuda based private equity company that invests solely in the global offshore oil & gas industry. Seacrest has invested in a number of portfolio companies dedicated the exploitation of offshore opportunities globally.   

Interest:
Cooper Block

  • 20% working interest
  • 40% carrying of 3D seismic

Sharon Block

  • 20% working interest
  • 40% carrying of 3D seismic

Guy Block

  • 30% working interest
  • 51% carry of seismic