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.


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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Product Manager
Expertise: Business Development|Executive
Location: Houston, TX
Global Business Development Manager - SIS
Expertise: Business Development
Location: Houston, TX
Analyst Crude
Expertise: Business Analyst|Energy / Commodity Trading|Legal
Location: Midland, TX
search for more jobs

Brent Crude Oil : $51.68/BBL 0.27%
Light Crude Oil : $49.25/BBL 0.74%
Natural Gas : $3.24/MMBtu 3.18%
Updated in last 24 hours