LONDON--Tullow Oil PLC (TLW.LN) said on Friday it has completed the drilling and testing of the Cara prospect in license 636 in the Norwegian North Sea, adding that the findings should bring in between 25 million and 70 million barrels of oil equivalent.

The oil and gas exploration and production company said the well was drilled to a total depth of 2,702 meters and that as result found a gas column of 51 meters and an oil column of 60 meters.

Shares at 0710 GMT up 0.30 pence, or 0.1%, at 217.60 pence valuing the company at 2 billion pounds ($2.65 billion).

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

(END) Dow Jones Newswires

September 16, 2016 03:27 ET (07:27 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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