Congo (Brazzaville) Operations and Licences

Operations

In Congo (Brazzaville), Tullow holds an 11% interest in the M'Boundi field.  Gross production from the M’Boundi field averaged 41,000 bopd in the first half of 2008 and following good reservoir management has stabilised at that rate.

The M'Boundi crude continues to be blended and sold as part of the N'Kossa blend, which has been trading close to parity with Brent.

On 31 January 2008 Tullow announced that it has agreed the sale of its 11% interest in the M'Boundi field to the Korea National Oil Company (KNOC) for a total cash consideration of $435 million. 

For further details refer to Press Releases in the Media Section of the website.

Licences

Licence	Fields	Area Sq Km	Tullow Interest	Operator	Other Partners
M'Boundi	M'Boundi	146	11.00%	ENI	SNPC, Jabbour