Tullow Oil is a leading independent oil and gas exploration and production company. The Group has interests in over 85 exploration and production licences across 17 countries which are managed as three Business Delivery Teams: West Africa, East Africa and New Ventures.
Their strategy has shown Tullow’s resilience during the recent industry downturn and demonstrates their flexibility to oil price volatility.
At Tullow, they want their contribution to the global oil life cycle to bring tangible and sustainable value to the groups that should benefit from their presence.
The oil life cycle describes the stages an international oil exploration and production company (IOC) goes through, from its initial entry into a country, through to when natural hydrocarbon reserves are depleted.
Mission
Their vision is to be the leading global independent exploration and production company.
Tullow Oil plc is Africa’s leading independent oil company. Their exploration-led growth strategy is focused on finding commercial light oil resources in Africa and the Atlantic Margins. They have been highly successful in the recent past opening five new oil basins since 2006. The Group has a successful track record of developing and maintaining its assets. They invest the majority of capital in their existing production portfolio in West Africa and future development projects which generate significant cash flow to fund the business. They have a prudent financial management strategy and utilise their diversified sources of debt and funding to support their operations.
Their portfolio of over 130 licences spans more than 20 countries and is organised into three regions; West and North Africa; South and East Africa; Europe, South America and Asia. They are headquartered in London and have corporate offices in Ireland, Ghana, Uganda and South Africa. Their shares are listed on the London, Irish and Ghana Stock Exchanges and the Group is a constituent of the FTSE 250 index.
