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.
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.
