Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     
  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     
  • Bitcoin GBP

    48,521.78
    -1,457.46 (-2.92%)
     
  • CMC Crypto 200

    1,302.78
    -55.23 (-4.07%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     
  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

Tullow says second Mauritania well is dry hole

LONDON, April 25 (Reuters) - Britain's Tullow Oil (LSE: TLW.L - news) said a well drilled off the coast of Mauritania did not find any oil or gas in a second disappointing result in the West African country.

The company is under pressure to regain its reputation for successful exploration after a string of disappointments. It said in February that its first Mauritania well did not find oil in commercial quantities.

It's second well there, Tapendar-1, was plugged and abandoned, it said on Friday.

"The Tapendar-1 frontier exploration well was a bold attempt to open a new oil play in this area of Tullow's highly prospective offshore Mauritania acreage," exploration director Angus McCoss said in a statement.

The company and its partners, who include Britain's Premier Oil, would now analyse the data collected before deciding on further drilling. (Reporting by Sarah Young; Editing by Neil Maidment)