Tullow Finds Gas at Lalmai in Bangladesh

Tullow Oil has discovered gas in its Lalmai-3 well in Block 9, onshore Bangladesh.

The Lamlai-3 well was drilled to evaluate the potential of a large anticlinal structure, and reached a total depth of 2800m on 25th May. Testing has flowed dry gas at rates of up to 8.6 MMscfd from a zone at 2420 - 2460 meters. Testing was carried out over a nine-day period and no reservoir depletion was identified.

The discovery is located close to existing pipelines and there is a ready market for any available gas in Bangladesh. Tullow is formulating plans to appraise the potential of the Lalmai structure on completion of the currently drilling Bangora well, which is some forty kilometers directly north of Lalmai on the same structural trend.

Aidan Heavey, Tullow's CEO commented: "While it is too early to comment on the commercial value of this discovery, the presence of gas in such a large anticline, which runs from Lalmai to Bangora, offers considerable upside potential.

This is a very exciting time for Tullow, having just completed the acquisition of Energy Africa. We are pressing ahead with two exploration wells, one at Bangora (30%) spudded on 2nd June and the other at the RAK-1 well in Morocco (10%, carried interest) spudded on 1st June. We have plans to drill up to twelve further exploration wells during the remainder of the year."