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  • Glossary

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    Glossary

    A

    AGM

    Annual General Meeting

    AFS

    Available for sale

    B

    bll

    Barrel

    bcf

    Billion cubic feet

    boe

    Barrels of oil equivalent

    boepd

    Barrels of oil equivalent per day

    bopd

    Barrels of oil per day

    C

    CMS

    Caister Murdoch System

    CMS III

    A group development of five satellite fields linked to CMS

    CR

    Corporate Responsibility

    CSO

    Civil Society Organisation

    CNOOC

    China National Offshore Oil Corporation

    D

    DLT

    Development Leadership Team

    DoA

    Delegation of Authority

    DRC

    Democratic Republic of Congo

    DSBP

    Deferred Share Bonus Plan

    E

    EA

    Exploration Area

    E&E

    Exploration and evaluation

    E&A

    Exploration and Appraisal

    E&P

    Exploration and Production

    EBITDA

    Earnings Before Interest, Tax, Depreciation and Amortisation

    EHS

    Environment, Health and Safety

    EMS

    Environmental Management System

    ERC

    Energy Resource Consultants

    ESOS

    Executive Share Option Scheme

    F

    FEED

    Front End Engineering and Design

    FPSO

    Floating Production Storage and Offloading vessel

    FRC

    Financial Reporting Council

    FRS

    Financial Reporting Standard

    FTG

    Full Tensor Gravity Gradiometry

    FTSE 100

    Equity index whose constituents are the 100 largest UK listed companies by market capitalisation

    FVTPL

    Fair Value Through Profit or Loss

    G

    GELT

    Global Exploration Leadership Team

    GNPC

    Ghana National Petroleum Corporation

    GoU

    Government of Uganda

    Group

    Company and its subsidiary undertakings

    H

    H&S

    Health and Safety

    HIPO

    High Potential Incident

    HNBS

    Hewitt New Bridge Street

    HR

    Human Resources

    I

    IAS

    International Accounting Standard

    IASB

    International Accounting Standards Board

    IFRIC

    International Financial Reporting Interpretations Committee

    IFRS

    International Financial Reporting Standards

    IMS

    Information Management System

    ISO

    International Organization for Standardization

    K

    km

    kilometres

    KPI

    Key Performance Indicator

    L

    LIBOR

    London Interbank Offered Rate

    LTI

    Lost Time Incident

    LTIFR

    LTI Frequency Rate measured in LTIs per million hours worked

    M

    mmbbl

    Million barrels

    mmbo

    Million barrels of oil

    mmboe

    Million barrels of oil equivalent

    mmscfd

    Million standard cubic feet per day

    MoU

    Memorandum of Understanding

    MTM

    Mark To Market

    N

    NGO

    Non-Governmental Organisation

    O

    OR&A

    Operational Readiness and Assurance

    P

    p

    pence

    P10

    Reserves and/or resources estimates that have a 10 per cent probability of being met or exceeded

    P50

    Reserves and/or resources estimates that have a 50 per cent probability of being met or exceeded

    P&D

    Production and Development

    PAYE

    Pay As You Earn

    PRT

    Petroleum Revenue Tax

    PSC

    Production Sharing Contract

    PSP

    Performance Share Plan

    S

    SCT

    Supplementary Corporation Tax

    SIP

    Share Incentive Plan

    SMC

    Senior Management Committee

    SPA

    Sale and Purchase Agreement

    sq km

    Square kilometres

    SRI

    Socially Responsible Investment

    T

    toes

    Tullow Oil Environmental Standards

    TSR

    Total Shareholder Return

    U

    UK GAAP

    UK Generally Accepted Accounting Principles

    V

    VAT

    Value Added Tax

    W

    WAEP

    Weighted Average Exercise Price

    WCTP

    West Cape Three Points

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Legal notice

This page contains important information explaining your relationship with the owners of this internet site and your rights to access and use information on this site.

Please read this page carefully.

General
Information contained on the Tullow site
Applicable laws
Cautionary Note to US Investors
Links to other internet sites
Data automatically collected
Collection and use of personal information
Collection of non-personally identifiable information
Anonymous use of Cookies
Your rights
Policy changes
Security

General

This is the internet site of Tullow Oil plc ("TULLOW"). Unless otherwise specified, references in this site to "Tullow", "Tullow Oil" and the "Company" shall mean Tullow Oil plc. The copyright and other rights in all the material on this site are owned by TULLOW or validly licensed to TULLOW by the rights owners for inclusion on this site. As a visitor to the site you are invited to access the various parts of the site via the internet and you may print off copies of any of the material on this site for your own private purposes. You may not use any of the material on this site for commercial purposes.

Tullow Oil plc is registered in England as a public limited company; Registered Office: 9 Chiswick Park, 566 Chiswick High Road, Chiswick Park, London, W4 5XT. Registered Number 3919249.

Information contained on the TULLOW site

This site is designed to provide information about TULLOW and its business and operations. It is intended as general information only and is not to be relied upon for any particular purpose. In particular, no information contained on this site constitutes, or shall be deemed to constitute, an invitation to invest or otherwise deal in any TULLOW securities.

This site includes "forward-looking information". Users of this site should be aware that actual results could differ materially from those set out in any forward-looking information. Whilst TULLOW has taken all reasonable steps to ensure the accuracy of the information on this site at the time of its inclusion, such information may not be accurate, up to date or applicable to the circumstances of any particular case. TULLOW makes no commitment to update the information contained on this site and, at any point in time, this information may be out of date and inaccurate. TULLOW reserves the right to make changes to the site generally at any time and without notice.

TULLOW does not accept any responsibility or liability for any inaccuracies or omissions (other than for fraudulent misrepresentation) in this site and any decisions you make based on information contained in or otherwise obtained from this site are your sole responsibility. Neither TULLOW nor any of its subsidiaries accept liability for any direct, indirect, special, consequential or other losses or damages of whatsoever kind arising out of access to, or the use of this site or any information contained in it. You are advised to request and receive written confirmation from TULLOW as to the accuracy of any particular information received from this site before relying in any way on such information.

Applicable laws

This site is controlled and operated by TULLOW from its offices in the United Kingdom. TULLOW makes no representation that the information contained in the site is appropriate or available for use in other locations and TULLOW shall have no responsibility in respect of access to it from territories whose laws prohibit such access or where any aspect of the contents of this site may be illegal. Those who choose to access this site from other locations do so on their own initiative and are responsible for compliance with applicable local laws. Any claim relating to the information contained in this site shall be governed by the laws of England and the visitors to the site agree to the exclusive jurisdiction of the courts of England.

Cautionary Note to US Investors

The U.S. Securities and Exchange Commission (SEC(US)) permits oil and gas companies, in their filings with the SEC(US), to disclose only the proved reserves that the company has demonstrated by actual production or conclusive information tests to be economically and legally producible under existing economic and operating conditions. Tullow uses certain terms on this site such as "proved plus probable reserves", "probable reserves", "estimated recoverable reserves", "risked exploration" and other similar expressions that include probable reserves estimates which are prepared on a basis consistent with the guidelines of the Society of Petroleum Engineers (SPE) and the World Petroleum Council (WPC) and are not consistent with SEC(US) guidelines.

At various points throughout this site, you may be offered automatic links to other internet sites relevant to a particular aspect of this site. This does not indicate any association between TULLOW and those other sites or their owners. Whilst it is hoped that you will find those other sites of interest, TULLOW accepts no responsibility of any nature whatsoever for those other sites or any information contained on them, none of which has been verified or endorsed by TULLOW. If at any time you find that you have accessed another site, you may return to this site by clicking on the "backwards" arrow, or by keying in the domain address for this site (www.tullowoil.com).

Data automatically collected

TULLOW log visitor's domain and IP address automatically; this information does not identify you as an individual, but only the computer that is being used to view the site. This data is used to see where the site is being used in the world to ensure coverage, and to help better understand site usage, so that we can improve our service to you. We do not link information automatically logged by such means with personal data about specific individuals.

Collection and use of personal information

We will not collect any information about individuals, except where it is specifically and knowingly provided by them. Examples of such information are:

  • Your name
  • Your mobile telephone number
  • Your email address
  • Your occupation

The information collected will be used to send you the information you have requested and to provide information that may be useful to you.

Collection of non-personally identifiable information

We collect anonymous visitor information like IP addresses, browser types (such as Microsoft Internet Explorer or Mozilla Firefox), referring pages and pages visited. We collect this non-personally identifiable information for the following purposes:

  • To provide anonymous statistical analysis of web page traffic patterns for our site
  • To administer our site and servers
  • To allow for auditing of our services by third parties
  • To improve our site

We may share non-personal aggregate statistics (group) data about our site visitors' traffic patterns with partners or other parties. However, we do not sell or share any information about individual users.

Anonymous use of Cookies

We use cookies on this site when users first register for webcasts. This ensures that on subsequent visits, if the cookie has not been deleted, they will not be asked to re-register. Cookies are small pieces of information that are stored on your computer by the server maintaining and operating the site. They do not compromise your privacy or security as they store a randomly generated identifying tag on your computer.

The cookie information does not include personal data such as name, age, phone number, e-mail address or mailing address. In addition, we do not link cookies to personal data such as name, age, phone number, e-mail address or mailing address. Most browsers are initially set up to accept cookies. If you would prefer, you can set your browser to stop cookies being placed on your terminal equipment - please refer to your specific Internet browser for instructions.

Your rights

In addition to the safeguards we take, your personal data is also protected in the United Kingdom by the Data Protection Act. This provides amongst other things that the data we hold about you should be processed lawfully and fairly. It should be accurate, relevant and not excessive. The information should be kept up to date, where necessary, and not retained for longer than is necessary. It should be kept securely to prevent unauthorised access by other people. You have the right to see what is held about you and correct any inaccuracies online. You can do this by using the "login" link at the beginning of the Alerting Service page or by emailing info@tullowoil.com

Policy changes

Any changes to this notice will be posted here.

Security

The email alerts service on this site is operated by The Group and the share price alerts service is operated by Investis Limited and on our behalf. The Group and Investis Limited treat all data held with the utmost care and security. Any details you give will remain completely confidential.

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