Tullow Oil is a leading independent oil and gas exploration and production company. Our focus is on finding and monetising oil in Africa and South America. Key activities include targeted exploration and appraisal, selective development projects and growing our low-cost West Africa oil production. Our portfolio of over 85 licences, spans 17 countries and is organised into three Business Delivery Teams. Headquartered in London, corporate offices are in Ireland, Ghana, Kenya, Uganda and South Africa. Shares are listed on the London, Irish and Ghana Stock Exchanges. The Group is a constituent of the FTSE 250 index.
In West Africa, Tullow has significant low-cost oil production from Ghana, as well as a portfolio of non-operated assets in five other countries. Major producing fields in Ghana are the Jubilee and TEN fields, which came on stream in 2010 and 2016 respectively. Non-operated production assets are held in Gabon, Equatorial Guinea, Côte d’Ivoire, Congo (Brazzavile) and Mauritania.
In East Africa, Tullow is focused on commercialising the significant resource base discovered in Uganda and Kenya. In Uganda, Tullow has held licence interests in the Lake Albert Rift Basin since 2004. Around 1.7 billion barrels of gross recoverable oil resources have been discovered following a successful drilling programme.
Since 2012, Tullow’s successful exploration and appraisal drilling campaigns have resulted in opening a second new East Africa tertiary rift play in Kenya’s South Lokichar Basin. Exploration and appraisal in the basin to date underpins a mean gross resource estimate of 750 mmbo.
The New Ventures team is responsible for Tullow’s frontier exploration and appraisal activity across Africa and South America. The Group has a high impact portfolio of exploration assets in Suriname, French Guiana, Namibia, Mauritania, Jamaica, Uruguay and Zambia.