Royal Dutch Shell Plc  .com Rotating Header Image

Tullow Oil sells a third of its licence off French Guiana to Shell home

Tullow to sell stakes in South American and Ugandan prospects

Tullow Oil has sold a third of its licence off French Guiana to Shell, and also plans to dispose of half its interest in the Lake Albert Rift Basin in Uganda.

Tullow said it had identified a number of leads in the Guiana licence, and said the participation of Shell was an endorsement of the prospect. Shell has the option to acquire another 12% and Tullow also hopes to farm out further equity to another party before the end of the year. Analysts have put a value of £140m on the block.


This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.