Tullow joins growing band looking to replenish acreage

摘要

Tullow is joining other independents such as Kosmos and Ophir in taking advantage of the downturn to replenish its inventory of exploration acreage for future growth. While the companies have also been busy ejecting surplus acreage in the face of exploration cost cutting, they are looking to replace this with new blocks that are both potentially more prospective and where the financial commitment is reduced.