Following the signing of three offshore licences in 2006, we have made three field discoveries in Ghana to date. First Oil from the Jubilee field is scheduled for the fourth quarter of 2010, representing the fastest ever full scale deepwater development.

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We are committed to providing Ghanaian suppliers with full and fair opportunities, providing short and long-term support to help local suppliers to achieve contract pre-qualification. To date 700 local contracts have been awarded by Tullow, including procuring 100% of IT equipment and services in Ghana.

At the beginning of every project we commission an Environmental and Social Impact Assessment (ESIA). The Jubilee ESIA covered all activities necessary for Phase 1 Development and culminated in a series of public hearings.

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We believe we have a major role to play in developing the required skills of the emerging oil industry in Ghana. Over 80% of our employees in Ghana are Ghanaian and we are developing plans to ensure that we achieve our goal of over 90% local national employees.

We believe we have a major role to play in developing the required skills of the emerging oil industry in Ghana. Over 80% of our employees in Ghana are Ghanaian and we are developing plans to ensure that we achieve our goal of over 90% local national employees.

15 December 2010

December 2010 saw the delivery of First Oil from the Jubilee field. The fastest ever full-scale comprehensive deep water development.

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NOW TRADING

The Tullow Oil plc Ghana share offer has been a success with over 3.5 million shares allotted. Trading of Tullow shares on the GSE commenced on 27 July 2011.

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