Tullow Oil shares sink after offshore Peru well abandoned
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(Reuters) - Tullow Oil will abandon its Marina-1 well in offshore Peru after drilling reached total depth without finding oil, it said on Monday, adding to the company's troubles in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana.The British energy company's shares, which have lost nearly 80% of their value since November, fell 8.6% to 41.35 pence after the news."The well tested the La Cruz and Mal Pelo formations where minor gas shows were encountered," Tullow said..