Tullow Oil has today said that it will stop drilling for oil reserves at the Tultule-1 wildcat well in the South Omo onshore block in Ethiopia after failing to strike oil despite reaching a 2,101 metre depth.
The oil drilling firm said that recorded gas in the course of drilling point to the presence of a hydrocarbon source in the region. However, this result which was found in another drilling site, the Sabisa-1 well will be analysed to determine the future exploration campaign for the area.
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