Tullow back to square one in Suriname

Latin American exploration campaign stutters as producer continues search for major offshore oil find

Investor confidence in Anglo-Irish independent Tullow Oil may have rebounded following the successful divestment of crucial African assets last year. But the company’s streak of bad luck again resurfaced with the announcement that its long-mooted Suriname exploration wildcat was a let-down.  The operator revealed that the Goliathberg-Voltzberg North well, drilled in block 47, encountered a good quality reservoir but returned only minor oil shows with non-commercial volumes. Tullow will plug and abandon the well before examining the data and considering possible future exploration. “With around 16 exploration wells planned, including some in riskier frontier regions, 2021 holds a lot of