Statoil, Tullow Abandon Mozambique Offshore Gas Well

Law360, New York (July 23, 2013, 6:25 PM EDT) -- British energy exploration and production firm Tullow Oil PLC has abandoned a well at a natural gas field off the coast of Mozambique that it owns with Statoil ASA but reiterated that it expects to find a "working petroleum system" at the field, Tullow said Tuesday.

The well, known as Cachalote-1, was located at one of two Statoil-controlled blocks in the gargantuan Rovuma offshore basin, which has drawn E&P efforts from some of the largest energy and energy service companies in the world. Tullow abandoned the...
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