Factsheet
| Name: | Tullow Oil plc |
| Description | Tullow Oil plc is one of the largest independent
oil and gas exploration and production companies in Europe. It's operations are located in Europe, Africa, South Asia and South America. In 2007 Tullow experienced material exploration success with the discovery of a world class oil field offshore Ghana, the Jubilee field, and further enhanced its understanding of the potentially billion barrel Lake Albert Rift Basin. This exploration success has continued throughout 2008 and 2009. Tullow now seeks to replicate the success it has had in Ghana along the West African Transform Margin and across the Atlantic in South America. 2009 News |
| History | Founded in Ireland in 1985, the Group's origins
are in Africa. Tullow became active in South Asia in 1990, in the
UK gas market in 2001 and through the Hardman acquisition acquired
it's first assets in South America. Tullow has a versatile and
balanced business, with a mixture of oil and gas assets in mature
and developing markets and a balance between growing production
output and longer-term exploration. Our History |
| Operations | The Group has a balanced portfolio of over 85 production and exploration licences in 23 countries and operates in four core areas - Europe, Africa, South Asia and South America. Average production for 2008, on a working interest basis, was over 66,000 boepd. For 2009, the Group is focused on progressing Phase 1 of the Jubilee project in Ghana, fast tracking the commercialisation of Ugandan reserves and executing selective high-impact exploration and appraisal campaigns. Operations |
| CSR | In 2007, we were involved in 120 projects across 19 countries and our discretionary spend was US$0.9 million (£0.5 million) on social and community development projects, compared to US$0.5 million (£0.3 million) in 2006. Our Responsibilities |
| Financial Results | Tullow announced its Full year results on Wednesday 11 March 2009. Tullow has delivered record results for 2008 driven by a strong operational performance, higher oil and gas pricing, and profitable portfolio management offset by exploration write offs and impairments. Whilst production decreased as anticipated by 9% to 66,600 boepd, average price realisations increased, by 17% for oil and by 40% for gas. Basic earnings increased to 30.9 pence per share. 2008 Full year results |
| Financials | 2008 sales revenue amounted to £692 million (2007: £639 million). 2008 Operating profit amounted to £300 (2007: £189 million). 2008 Operating cash flow before working capital amounted to £519 million (2007: £474 million). Financial Information |
| Shares in Issue | 884,749,772 shares in issue at 01 February 2010. |
| Listings | Tullow is quoted on the London and Irish Stock
Exchanges and is a constituent of the FTSE 100. London and Irish Stock Exchanges (Symbol: TLW). Share Information |
| Market Capitalisation | £ 11.31 billion |
| Employees | Over 540 people are employed by Tullow world-wide,
including approximately 350 people in an operational or technical capacity. Tullow People |
| Head Office and Registered Office | 3rd Floor Building 11, Chiswick Park 566 Chiswick High Road London W4 5YS T: +44 20 8996 1000 F: +44 20 8994 5332 Contact Us |
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