Tullow signs farm-in deal in Guinea

Tullow Oil, the Irish oil titan, has agreed a farm-in with Hyperdynamics Corp for the sale of its 40 per cent interest in Hyperdynamics' oil and gas exploration concession offshore Guinea and the transfer of operatorship to Tullow.

Tullow Oil, the Irish oil titan, has agreed a farm-in with Hyperdynamics Corp for the sale of its 40 per cent interest in Hyperdynamics' oil and gas exploration concession offshore Guinea and the transfer of operatorship to Tullow.

Under the agreement, Hyperdynamics Corp's wholly-owned subsidiary, SCS, has formed the agreement with the Guinea-based subsidiary of Tullow, and is expected to close by the year-end following the approval by Guinea's Ministry of Mines and Geology.

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