gharabi 1

Gharabi 1 Announcement:

16 February 2011 - Tullow Oil plc (Tullow) announces that the Gharabi-1 well, located in Block 6 offshore Mauritania, was unsuccessful and has been plugged and abandoned.

The well, drilled by the Maersk Deliverer in water depths of 1,787 metres to a total depth of 4,433 metres, intersected poorly developed water-bearing reservoirs. Gharabi-1 was drilled by the Operator Petronas to meet a commitment on the block and the result has no impact on Tullow's future plans for its Mauritanian acreage

Source:
http://www.tullowoil.com/index.asp?pageid=137&newsid=689

From elsewhere on Tullow's website Tullow's future plans may refer to:

Significant progress has been made with both the partners and the Government in reviewing the development options that would allow commercialisation of the Banda gas field. The development options are currently under discussion with the Mauritanian Government to ensure that they meet the Government's objectives.

2010 Development opportunities

Development:...................Banda
Sanction Decision..............2011
First/Increased Production.....2013
No. of Wells...................2-5
Status.........................Concept planning completed. Commercial and downstream discussion with government in progress.

Source:
http://www.tullowoil.com/index.asp?pageid=273

Regards

SP