Operations
Tullow Oil plc is one of the largest independent oil and gas exploration and production companies in Europe. The Group is entering its next phase of growth with a major focus on Africa and the Atlantic Margins basin, where Tullow is already a dominant player following exploration success in Ghana, French Guiana, Uganda and Kenya.
Tullow has a large portfolio of exploration and production assets with a focus on balanced long-term growth. The Group has interests in over 150 licences across more than 20 countries, producing from a total of 67 fields. In 2012, average working interest production was 79,200 boepd, generating sales revenue of $2.3bn with capital expenditure of around $1.9bn. The majority of spend was again focused on Africa and Atlantic Margins operations ensuring the world-class projects in Ghana and Uganda and exploration activity in Kenya, Ethiopia and West Africa and South America continue to deliver future growth.
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“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
“There is a patent office at the seat of government of the universe, whose managers are as much interested in the dispersion of seeds as anybody at Washington can be, and their operations are infinitely more extensive and regular.”
—Henry David Thoreau (1817–1862)
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