Gabon Oil Company to acquire Tullow Oil Gabon for $300m.

Gabon Oil Company, a national oil and gas exploration and production company, agreed to acquire Tullow Oil Gabon, a Gabon subsidiary of multinational oil and gas exploration company, for $300m. "This value accretive transaction with Gabon Oil Company aligns with our strategic priorities to materially accelerate deleveraging and is an important step as we progress our refinancing plans this year," Richard Miller, Tullow CFO and Interim CEO.