Contact us About us Our operations Sustainability Investors Media Suppliers Home About us How we run our business How we run our business Tullow’s business model is to find and monetise oil from our portfolio of assets across Africa and South America. Back to About us Tullow’s business model is to find and monetise oil from our portfolio of assets across Africa and South America. Our activities are focused on generating cash flow from our production base and unlocking value from our significant positions in discovered and emerging basins. We have a prudent financial strategy with diverse sources of funding. We are focused on debt reduction and right-sizing our asset base through portfolio management. We have material positions in emerging oil provinces in Africa and South America. We aim to unlock value from these resources whilst managing our capital exposure and remain agile to take advantage of exploration opportunities. We focus on selective development of material oil discoveries we have found. We invest in low-cost, near-field wells drilled adjacent to our producing assets, as well as opportunities identified through exploration. Production is the cash engine of our business and we are investing in in-field drilling programmes to extend production plateaus across our producing assets in West Africa. Our value life cycle Our work across the life cycle delivers long term sustainable growth. Creating sustainable benefits Exploration and appraisal Development Production Decommissioning 2-10 yrs 3-10 yrs 20-50 yrs 3-10 yrs Value creation Seismic survey First exploration well Exploration success Appraisal proves commerciality of field First oil Government take Oil company take Government net cash flow Oil company cost Oil company apex Government investment Legacy of skills built up through involvement in the oil and gas industry Local employment for demolition, waste management and fabrication Investment Seismic activity, drilling of exploration & appraisal wells Capital intensive period for IOC to develop field Investment to maintain maturing production Specialist skills for decommissioning to ensure full restoration of the site Creating value for stakeholders Our investors Free cash flow $432m Our host countries Payments to governments $375m Spend with local suppliers $162m Our people > 900 instances of participation across 14 wellness events across the UK and Ghana Find out more about us Oil life cycle Read more Stakeholder engagement Read more 9 Chiswick Park 566 Chiswick High Road London, W4 5XT United Kingdom Phone: +44 (0)20 3249 9000 Email: info@tullowoil.com Contact us Sitemap Glossary Accessibility Gender Pay Gap Modern Slavery Act 2015 - Previous Statements Cookie declaration Privacy notice and cookies Policy library Legal notice Connect with us on: © 2021 Tullow Oil plc Tullow Oil plc is registered in England and Wales: Number 3919249 Registered address: 9 Chiswick Park, 566 Chiswick High Road, London, W4 5XT, United Kingdom. VAT number: 769 3613 91