Tullow Oil PLC (TLW.LN) said Wednesday Anadarko Petroleum Corporation (APC) has made a deepwater discovery at the Venus-B1 exploration well in block SL 6/07 offshore Sierra Leone in which Tullow is a 10% partner.

MAIN FACTS:

-Venus B-1 well encountered more than 45 net feet of hydrocarbon pay.

-Venus B-1 drilled to total depth of 18,500 feet in about 5,900 feet of water.

-Confirms the existence of active petroleum system in the basin

-Company plans to continue its West Africa drilling operations in the Cretaceous Trend by drilling the South Grand Lahou exploration well in block CI 105 offshore Cote d'Ivoire once activities are completed at the Venus discovery well.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com