Africa Oil Corp. has now closed on the final two blocks of farmout transaction with Tullow Oil
Africa Oil Corp. has now closed on the final two blocks out of the previously announced five block farmout transaction with Tullow Oil plc. The Company and Tullow have now closed farmouts related to the South Omo Block and Blocks 10A, 10BB, 12A and 13T.
Anglo-Irish energy firm Tullow Oil said Thursday that it will buy a 50-percent stake in six exploration licences in Kenya and Ethiopia, expanding its reach in east Africa.