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.
The company said that focus will now shift to Chew Bahir basin still in Ethiopia to drill the Shimela prospect. Tullow Oil also added that significant exploration activities continue in Kenya with the Amosing-1 well currently drilling and the Ewoi-1 well expected to start by the end of the year.