Oil and gas company Tullow Oil says its business continued to perform strongly in the second half of this year. In a trading update, the company said it had an exploration success rate of 85% in the period.
Tullow said production this year was expected to average the equivalent of 58,000 barrels of oil a day, in line with previous estimates.
The company is aiming to sell up to 50% of its interests in the Lake Albert Rift Basin. It wants to retain a stake and work with a partner with expertise in developing the project.
Tullow said there had been 'considerable interest' from oil companies and a decision was expected on a partner early in 2010.
