Tullow Oil exploration finds no oil in offshore Mozambique well

Tullow Oil has failed to find oil at an exploration well in Mozambique, and ended operations at the site (release).

Buzio-1 exploration well in Area 2 offshore Mozambique has not encountered hydrocarbons and, following the completion of logging operations, has been plugged and abandoned.

The Buzio-1 site is the second deepwater exploration well in Area 2, where Tullow found "good quality water bearing reservoir sandstones".

Tullow's Discoverer Americas drill ship drilled tghe site to a depth of 3,333 metres in water depths of 1,534 metres.

Angus McCoss, exploration director, Tullow Oil:

Having encountered hydrocarbons with the Cachalote-1 well, we have acquired valuable information from the Buzio-1 dry hole. We will now combine the data from both offshore Mozambique wells with our extensive seismic in this licence area and determine our next steps.