Tullow Oil has agreed the sale of non-operated producing assets in Equatorial Guinea and Gabon to Panoro Energy for $180m as part of efforts to pay down its $2.4bn debt. The assets are Tullow’s stakes in the Ceiba field and Okume complex in Equatorial Guinea and the Dussafu licence in Gabon. Panoro is already a partner on Dussafu, which is operated by BW Offshore.
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