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Tullow Oil

E&P

Tullow, Perenco swap Gabon assets

Appraisal drilling in the DE8 licence is also under way. Tullow said this could begin producing oil via Tchatamba infrastructure before the end of 2023. There are also more ILX opportunities on the DE8 licence.

Africa

Tullow Oil disputes $387m of Ghana tax assessments

Tullow Oil is seeking arbitration over $387 million in tax assessments it received from Ghana, part of the cash-strapped government’s review of past payments by some of the West African nation’s largest companies.

E&P

Capricorn makes Palliser nominees an offer ahead of vote

Smith noted the opposition from shareholders to the Tullow merger. “The message from shareholders was that there was a preference for cash returns over long-term delivery. We listened to that and [the NewMed deal] offers a lot of cashback, while also being energy transition led.”