Tullow expects bids this month for stake in Ghana TEN project

|About: Tullow Oil Plc. (TUWLF)|By:, SA News Editor

Tullow Oil (TUWLF, TUWOY) says it expects bids later this month for the sale of part of its 47% stake in the $5B Tweneboa-Enyenra-Ntomme oil project offshore Ghana, as the company seeks to focus more on exploration and limit its development costs.

Meanwhile, Tullow is rethinking plans to sell off gas assets in the North Sea after failing to attract sufficiently high offers.