Tullow, Eco shares nosedive as Guyana discoveries ‘heavy oil’

Shares of Tullow Oil and Eco Atlantic fell sharply Wednesday morning after the two companies announced the two discoveries recently struck offshore Guyana contained heavy oil with high sulfur percentage.

Tullow announced the two discoveries – Jethro1 and the Joe-1 in its Orinduik block in August and September, respectively.

As previously reported…

View entirety: Offshore Energy Today