Tullow sells Hewett Unit fields interest

Tullow Oil has completed the sale of its 51.69% interest in the offshore Hewett Unit fields and related Bacton onshore gas processing terminal to Eni UK for $323 million.

Dec 1st, 2008

Offshore staff

LONDON -- Tullow Oil has completed the sale of its 51.69% interest in the offshore Hewett Unit fields and related Bacton onshore gas processing terminal to Eni UK for $323 million.

Eni has taken over operatorship and assumed Tullow's share of all associated abandonment liabilities. Tullow continues to work closely with Eni to ensure a safe and orderly transition of the assets, the companies say.

12/01/2008

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