Tullow Says Wells in Mozambique, French Guiana Fail to Find Oil
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Tullow Oil Plc, a U.K. oil and gas explorer, said wells in Mozambique and French Guiana failed to make discoveries.
The Cachalote-1 exploration well off the coast of Mozambique, drilled with operator Statoil ASA and others, encountered gas that isn’t commercial and didn’t find oil, Tullow said in a statement today. The company is searching for oil close to where others have made the century’s biggest natural gas discoveries off the East African coast.