French Guiana farmout


 

TIDMTLW 
 
RNS Number : 7258D 
Tullow Oil PLC 
08 December 2009 
 

News Release 
 
 
 
 
Tullow farm out a 25% interest in French Guiana acreage to Total 
 
8 December 2009 - Total have today issued the following press release regarding 
their acquisition of a 25% interest in Tullow Oil plc's Guyane Maritime Permit 
in French Guiana. 
 
 
Paris, 8 December 2009 - Total announces the acquisition of a 25% interest in 
the Guyane Maritime Permit from Hardman Petroleum France SAS, an affiliate of 
Tullow Oil plc. The permit, located about 150 kilometres off the coast of the 
French Guiana, covers an area of approximately 32,000 square kilometers (km2) in 
water depths ranging from 2,000 to 3,000 metres. 
 
 
This acquisition, which is subject to approval from the French authorities, 
complements Total's portfolio in deep water acreage in a new oil exploration 
region for the Group. In the permit, a 3D seismic acquisition program covering 
an area of up to 3,000 km2 is already underway. 
 
 
"With the acquisition of an interest in the Guyane Maritime Permit, Total will 
be able to bring its expertise in deep water to an exploration program deployed 
in a French department," stated Yves-Louis Darricarrère, President, Exploration 
& Production. 
 
 
Under the new partnership structure, Hardman Petroleum France SAS is operator of 
the permit with a 39.5% interest. Other partners are Shell Exploration and 
Production France SAS (33%), Total E&P Guyanne Française (25%) and Northpet 
Investments Ltd (2.5%). 
 
 
FOR FURTHER INFORMATION CONTACT: 
 
+-------------------------+-------------------------+-------------------------+ 
| Tullow Oil plc          | Citigate Dewe Rogerson  | Murray Consultants      | 
| (+44 20 8996 1000)      | (+44 207 638 9571)      | (+353 1 498 0300)       | 
| Angus McCoss            | Martin Jackson          | Joe Murray              | 
| Chris Perry             | George Cazenove         | Ed Micheau              | 
| James Arnold            |                         |                         | 
+-------------------------+-------------------------+-------------------------+ 
 
 
 
 
Notes to Editors 
Tullow is a leading independent oil & gas, exploration and production group, 
quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a 
constituent of the FTSE 100 Index. The Group has interests in over 85 
exploration and production licences across 23 countries and focuses on four core 
areas: Africa, Europe, South Asia and South America. 
 
 
In Africa, Tullow has production in Gabon, Côte d'Ivoire, Mauritania, Congo 
(Brazzaville) and Equatorial Guinea and two large appraisal and development 
programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, 
Côte d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Congo (DRC), 
Tanzania, Madagascar, 
Namibia and Angola. 
 
 
Tullow's European interests are primarily focused on gas in the UK Southern 
North Sea where it has significant interests in the Caister-Murdoch System and 
the Thames area. The company also has interests offshore the Netherlands and 
Portugal. 
 
 
In South Asia, Tullow has exploration and production in Pakistan and Bangladesh. 
In South America, Tullow has exploration interests in Guyana, French Guiana and 
Suriname. 
 
 
For further information please refer to our website at www.tullowoil.com. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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