Tullow to plug and abandon well

FTSE 100-listed energy explorer Tullow Oil yesterday said it plans to plug and abandon a Cote d’Ivoire well after hitting water below the oil accumulation discovered at a nearby well, reducing the size of the find. “The…well has efficiently identified the likely depth of the oil water contact and we are reviewing the resource range and our future monetisation options,” said Tullow’s exploration director Angus McCoss.