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Tullow Oil is to dispose of its exploration and production assets in the UK and Dutch Southern North Sea gas basin, and has also announced the acquisition of Norway-based Spring Energy.
Tullow Oil is to acquire Nuon Exploration & Production from Vattenfall Group for £260m, in order to expand its operations in the Dutch sector of the North Sea.
Tullow Oil has raised £925m in a share placing to fund the expansion of its oil production operations in Uganda.
Tullow Oil is to invest up to £500m in the development of its oil discoveries in Ghana and Uganda this year.
Tullow Oil has sold a 52% stake in the Hewett Unit gas fields in the North Sea to Eni of Italy for £210m, including the onshore Bacton terminal.
Tullow Oil is planning to acquire Hardman Resources, the Australian oil exploration company, for £581m.
Tullow Oil has acquired the Schooner and Ketch gas fields in the North Sea from Shell and ExxonMobil for £200m, and will invest £140m to double their output over the next three years.
Tullow Oil has raised £123m in a share issue to help fund the £320m acquisition of Energy Africa, which has oil interests in nine African countries.