Tullow has announced that it has gained approval from the Government of Gabon for the extension of several of its Gabon licences to 2046.<\/p>\n\n\n\n
The licence extensions increase the value of Tullow\u2019s resource base through the addition of c.5mmbbls net 2P reserves that will deliver c.100% 2P reserves replacement in Gabon this year.<\/p>\n\n\n\n
This activity is in line with the Group\u2019s strategy to focus on its high return production assets in Africa and unlock value through optimisation of its non-operated portfolio. The extensions reflect the future potential of the reserves and resources across the Gabonese assets and the longevity of the Tchatamba facilities as a core hub for Tullow.<\/p>\n","protected":false},"excerpt":{"rendered":"