On 24 March 2025, Tullow said it had reached a binding heads of terms agreement with Gabon Oil Company for the sale of its Gabonese subsidiary, Tullow Oil Gabon SA, which holds 100% of Tullow’s interests in its Gabonese assets, for a cash consideration of US$300 million (net of tax). The effective date of the deal is 1 January, 2025.

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