{"id":6102,"date":"2013-12-10T03:58:41","date_gmt":"2013-12-10T08:58:41","guid":{"rendered":"http:\/\/www.zegabi.com\/articles\/?p=6102"},"modified":"2013-12-10T03:58:41","modified_gmt":"2013-12-10T08:58:41","slug":"tullow-abandons-dry-oil-well-in-ethiopia","status":"publish","type":"post","link":"http:\/\/www.zegabi.com\/articles\/6102","title":{"rendered":"Tullow Abandons Dry Oil Well in Ethiopia"},"content":{"rendered":"<p><a href=\"http:\/\/www.zegabi.com\/articles\/wp-content\/uploads\/2013\/12\/south-omo-block.jpg\"><img loading=\"lazy\" class=\"size-medium wp-image-6103 alignleft\" alt=\"\" src=\"http:\/\/www.zegabi.com\/articles\/wp-content\/uploads\/2013\/12\/south-omo-block-300x263.jpg\" width=\"300\" height=\"263\" srcset=\"http:\/\/www.zegabi.com\/articles\/wp-content\/uploads\/2013\/12\/south-omo-block-300x263.jpg 300w, http:\/\/www.zegabi.com\/articles\/wp-content\/uploads\/2013\/12\/south-omo-block-220x193.jpg 220w, http:\/\/www.zegabi.com\/articles\/wp-content\/uploads\/2013\/12\/south-omo-block.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Oil company Tullow Oil PLC has abandoned a well in Ethiopia after failing to find oil despite drilling to a depth of 2,101 metres.<\/p>\n<p>The well named Tultule-1 wildcat, is located close to the Sabisa-1 well in the South Omo block where other oil wells had previously been discovered. \u00a0Tullow discovered gas in the new well before they stopped drilling, which confirmed the presence of a hydrocarbon source in the area.<\/p>\n<p>&#8220;The results of both the Sabisa-1 and the Tultule-1 wells will now be analysed to determine the future exploration campaign for the area,&#8221;\u00a0a statement from the company read. In the mean time, exploration of the Shimela prospect in the eastern portion of the South Omo block will continue until April 2014 when drilling is expected to begin.<\/p>\n<p>Tullow owned 50% of the abandoned well, while Africa Oil and Marathon owned 30% and 20% stakes respectively. The oil giant\u2019s shares dropped by 1.1% settling at 889.5 pence early Monday; one of the biggest declines in the FTSE 100.<\/p>\n<p>Tullow has had better success in Kenya where it is currently drilling the Amosing-1 well\u00a0in Block 10BB, which it intends to continue working on for the foreseeable future. Work is also expected to commence on the neighboring Ewoi-1 well before year ends.<\/p>\n<p>Photo:\u00a0A map of the South Omo block where the Tultule-1 wildcat well is located.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil company Tullow Oil PLC has abandoned a well in Ethiopia after failing to find oil despite drilling to a depth of 2,101 metres. The well named Tultule-1 wildcat, is located close to the Sabisa-1 well in the South Omo<span class=\"ellipsis\">&hellip;<\/span> <span class=\"read-more\"><a href=\"http:\/\/www.zegabi.com\/articles\/6102\">Read more &#8250;<\/a><\/span><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[44],"tags":[466],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"_links":{"self":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts\/6102"}],"collection":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/comments?post=6102"}],"version-history":[{"count":0,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts\/6102\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/media?parent=6102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/categories?post=6102"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/tags?post=6102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}