Tullow completes gas deals

Tullow Oil has completed the purchase of the first of two packages of North Sea gas assets and related infrastructure which it agreed to acquire from BP for a maximum of £201 million (€255 million) following BP's takeover of Arco last April. The so-called Murdoch-Boulton Package in the southern North Sea comprises interests in three licences held by BP in quadrants containing two producing fields, two discoveries and a number of explorations prospects and leads.