Tullow: No Guyana Drilling in 2020

London-listed oil company Tullow Oil will most likely not be drilling any wells offshore Guyana in 2020.

In its trading update on Wednesday Tullow said it expected to report pretax impairments and exploration write-offs of around $1.5 billion.

Tullow’s write-offs include Jethro, Joe, and Carapa well costs in Guyana as a result of drilling results, the company said.

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