TLW
TULLOW OIL
Tullow Oil Plc is one of the largest independent oil and gas exploration and production companies in Europe with a focused portfolio of world-class assets. The company is Africa's leading independent oil company with recent basin opening discoveries in Ghana, Uganda and most recently Kenya. Tullow Oil focus is on finding oil in Africa and the Atlantic Margins, combined with selective development and high-margin production to fund exploration-led strategy.
The company was founded in 1985 and signed its first license in Senegal in 1986. It became active in South Asia in 1990 and in the UK gas market in 2000. The company doubled in size in 2004 with the acquisition of Energy Africa, completed Hardman Resources acquisition in 2006 and completed its largest acquisition to date in 2010 of Heritage Oil's Ugandan licenses.
In 2007 the company made it largest discovery to date – the Jubilee field offshore Ghana. Since then in Ghana further major discoveries have been made including Enyenra, Tweneboa and Teak.
In Uganda, Tullow has discovered over 1bn barrels of oil to date in the Lake Albert Basin and in 2011 signed SPAs with CNOOC and Total, each now with one third interest across the three licenses, and will embark upon a major development project in the coming years. In 2012 the Group made its first onshore discovery in Kenya at Ngamia-1.
Tullow share is listed on the London, Irish and Ghana Stock Exchanges and is a constituent of the FTSE 100 index whose constituents are the 100 largest UK-listed companies by market capitalization.
- ISIN Code: GH0000001050
- Issued Shares: 903,846,948
- Authorised Shares:
- Registrars: Central Securities Depository
- Location: 9, Chiswick Park, 566 Chiswick High Road, London, W4 5XT
- Address: 9, Chiswick Park, 566 Chiswick High Road, London, W4 5XT
- Telephone: +44 (0)203 249 9000
- Fax: +44 (0)203 249 8801
- Email: info@tullowoil.com
- Website: www.tullowoil.com
Trading Price11.94
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