Tullow Oil plc (TLW.L) reported a successful first flow test of the Ngamia-1 well in Kenya. The Group said, at the Ngamia-1 well in Block 10BB, the first of six drill stem tests has been completed. The test was carried out in the Lower Lokhone formation. The well flowed 281 barrels of 30 degree API oil per day using a Progressive Cavity Pump. Tullow operates the Ngamia-1 well, and Africa Oil (50%) has a non-operated interest.
Tullow Oil said the Sabisa-1 well in the South Omo Block in Southern Ethiopia has been drilled to a total depth of 1,810 metres. Hydrocarbon indications in sands beneath a thick claystone top seal have been recorded whilst drilling, but hole instability issues have required the drilling of a sidetrack to comprehensively log and sample these zones of interest. The sidetrack recently commenced and a result is now expected in late May. Tullow (50%) is the operator of Sabisa-1 well, with Africa Oil (30%) and Marathon Oil (20%) having non-operated interests.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.