Tullow Oil Expands Exploration to Gabon in Diversification Drive

• Tullow to drill the Falcon NE prospect in Gabon in H1 2025 as part of diversification strategy
• CEO Rahul Dhir to step down in 2025 after reducing net debt by nearly half

Accra, Ghana – Tullow Oil Plc is expanding its footprint in Africa with plans to drill the Falcon NE prospect in Gabon during the first half of 2025. The company aims to unlock new reserves and boost production as part of a broader effort to diversify beyond Ghana.