Exploration company Tullow Oil has succeeded in buying a major package of North Sea production interests from BP Amoco Arco. Tullow had conditional rights over these assets and while some conditions must be met to complete the purchase, the firm's outlay should now be cut by £500,000 to £200.5 million (€254.8 million).
Tullow purchase to go ahead
Exploration company Tullow Oil has succeeded in buying a major package of North Sea production interests from BP Amoco Arco
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