25th Aug 2005 07:00
Tullow Oil PLC25 August 2005 News release Tullow Oil plc - First Gas from Munro 25 August 2005 - Tullow Oil plc (Tullow) today announces that natural gasproduction from its Munro field development commenced on 22 August 2005 at aninitial average rate of 55 mmscfd. This has been achieved six weeks ahead ofthe development schedule and only 16 months after the field was discovered. The Munro development, Tullow's second UK development in 2005, consists of asingle well, a minimum-facilities platform and a 5km pipeline that connects tothe Tullow-owned CMS III and CMS infrastructure. The Munro field, in whichTullow has a 15% interest, is expected to produce at a peak rate of 80 mmscfd. A full update on the rest of Tullow's activities will be provided with ourInterim Results on 14 September 2005. If you have any questions on this announcement please contact: Tullow Oil plc Citigate Dewe Rogerson Murray Consultants(+44 20 8996 1000) (+44 207 638 9571) (+353 1 498 0300)Paul McDade Martin Jackson Joe MurrayTom HickeyChris Perry Notes to Editors Tullow is a leading independent oil and gas, exploration and production group,quoted on the London and Irish Stock Exchanges (symbol: TLW) and is aconstituent of the FTSE 250 Index. The Group has interests in over 90 productionand exploration licences in 16 countries and is currently focusing on three coreareas: NW Europe, West Africa and South Asia. Tullow's UK interests are primarily focused on gas in the Southern North Sea(SNS). The Group entered the SNS with the acquisition of a portfolio of assetsfrom BP in 2001. Since then, Tullow has substantially extended and enhanced itsposition through exploration drilling, active development, participation inlicensing rounds and a series of bolt-on acquisitions. Group interests includethe CMS and the Thames/Hewett areas, where it is the operator of the Hewettfields and of the Bacton Gas Terminal. A further significant step was takenwith the completion of the acquisition of the Schooner and Ketch operated assetson 31 March 2005. In Africa, Tullow has production in Gabon, Cote d'Ivoire, Congo (Brazzaville)and Equatorial Guinea. Tullow also has exploration programmes in Morocco,Mauritania, Senegal, Cameroon, and Uganda. In South Asia, Tullow has production and exploration interests in Pakistan andexploration activities in India and Bangladesh. For further information please refer to our website at www.tullowoil.com ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tullow Oil