Tullow Seen Beating Peers With $30 Billion Africa Find: Energy

Tullow Oil Plc, the U.K. explorer that unlocked billions of barrels in frontiers from Uganda to French Guiana, wants to repeat those landmark finds drilling onshore East Africa as peers target natural gas offshore.

With Canadian partner Africa Oil Corp., Tullow is aiming for at least 300 million barrels of oil worth $30 billion or more with its first two sites in an underdeveloped area stretching from Kenya to Ethiopia, a plot almost the size of England. Shallow wells for seismic surveys have shown so-called oil seeps -- an indicator of potential reservoirs.