(Sharecast News) - Tullow Oil said on Monday that it is considering all options with respect to its interest in the Espoir field in Côte d'Ivoire.

The oil and gas exploration and production group said this is in line with its capital allocation strategy "to focus on its highest return producing assets and to maximise cash flow".

No formal commitments have been made but if the process develops, Tullow will update the market as appropriate.