Next news17 Jul 2025 11:38
Tullow recently completed a $300 million sale of its Gabon assets to the Gabon Oil Company, according to Offshore Technology and Upstream Online. The sale, which includes all of Tullow's non-operated working interests in Gabon, is part of the company's strategy to reduce debt and streamline operations. The deal is expected to close by mid-2025, with the proceeds significantly reducing Tullow's net debt and strengthening its balance sheet.
Just reminder guys when you end up paying a premium when this payment lands