Tullow Gets More Time to Decide on Participation in Namibian PEL 0037 JV

Australia's Pancontinental Oil & Gas NL (Pancontinental, the Company) referred Friday to its announcement on June 12, 2015 that it had agreed with Tullow Kudu Limited, a subsidiary of Tullow Oil (Tullow) to extend the date by when Tullow was to elect to withdraw or continue in the Namibian PEL 0037 (License) joint venture (Joint Venture) to March 31, 2016.

Tullow has now requested a further extension by when Tullow can elect to withdraw or continue in the License, located in the Walvis Basin, offshore Namibia. Pancontinental has agreed to extend the decision date to April 7, 2016.

A further update will be issued at that time.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Principal - Oil & Gas
Expertise: Executive
Location: Houston, TX
 
VP Sales - Oil & Gas - Automation, Electrical Distribution
Expertise: Business Development
Location: Houston, TX
 
Technical Director
Expertise: Executive
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $45.97/BBL 2.91%
Light Crude Oil : $44.67/BBL 2.74%
Natural Gas : $3/MMBtu 0.33%
Updated in last 24 hours