Exploration company Tullow Oil announced on Tuesday oil and natural gas discoveries
Exploration company Tullow Oil announced on Tuesday oil and natural gas discoveries at Taitai-1 exploration well, western Uganda.
The London-based company said that exploration at Taitai-1 well encountered five meters of net gas pay and at least eight meters of net oil pay.
Aidan Heavey, Chief Executive of Tullow, said the latest discovery has proved the existence of a working petroleum system over 70 km from the previous wells drilled in the Kaiso Tonya region.
"We are encouraged by the Taitai result and look forward to the remainder of the campaign in the Butiaba area," he said.
The Taitai-1 well is the first of a nine-well exploration campaign in the Butiaba area located in Block 2.
