
Samuel Dossou-Aworet-backed Tullow agrees to sell Gabon unit for $300 million
Tullow Oil Gabon holds all of Tullow’s non-operated working interests in Gabon, and the buyer is Gabon Oil Company.
Tullow Oil Gabon holds all of Tullow’s non-operated working interests in Gabon, and the buyer is Gabon Oil Company.
This is part of Tullow's ongoing strategy to streamline operations and reduce its debt.
Tullow Oil sells Tullow Oil Gabon SA to the Gabonese government for $302 million.
This underscores growing doubts about whether the company can push its long-delayed Turkana oil project to commercial production.
An international tribunal ruled that the company is not liable for a $320 million tax assessment levied by the Ghana Revenue Authority.
Tullow Oil is a London-based multinational oil and gas exploration company with operations in Africa.