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Glossary
A
- AA1000SES
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AccountAbility AA1000 Stakeholder Engagement Standard
- ACET
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Assists African governments to achieve long-term economic growth and transformation www.acetforafrica.org
B
C
- CCDP
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Community Consultation and Disclosure Programme
- Conship
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A wholly owned Ghanaian freight forwarding and logistics company www.conshiponline.com
- CNOOC
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China National Offshore Oil Company
- CR
-
Corporate Responsibility
- CSO
-
Civil Society Organisation
E
- E&A
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Exploration and Appraisal
- EHS
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Environment, Health and Safety
- EHSMS
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EHS Management System
- EIA
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Environmental Impact Assessment
- EITI
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Extractive Industries Transparency Initiative
- EMS
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Environmental Management System
- ENSCO
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Provider of offshore contract drilling services to the oil and gas industry www.enscoplc.com
- ES
-
Environmental Statement
- Eirik Raude (The)
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a fifth-generation semi-submersible drilling unit
- ESIA
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Environmental and Social Impact Assessment
F
- Farm-down
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the sale of a percentage of a licence interest to another company
- FPSO
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Floating Production Storage and Offloading vessel
- FTSE 100
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Equity index whose constituents are the 100 largest UK listed companies by market capitalisation
G
- GHG
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Greenhouse gases
- GIS
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Geographic Information System
- GOELF
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Ghana Offshore Emergency Leadership Forum
- GRI
-
Global Reporting Initiative
H
- H&S
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Health and Safety
- HiPo
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High Potential Incident
- HiPoFR
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HiPo Frequency Rate measured in HiPos per million hours worked
- HR
-
Human Resources
I
- IFR
-
International Regulators Forum
- IMS
-
Information Management System
- IPIECA
-
International Petroleum Industry Environmental Conservation Association
- ISAE
-
International Standards on Assurance Engagements
- ISO
-
International Organization for Standardization
K
L
M
- MSF
-
Multi-stakeholder forum
N
O
- OGP
-
International Association of Oil and Gas Producers (The)
- ONE
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Grassroots advocacy and campaigning organisation fighting extreme poverty and preventable diseases www.one.org
- OHSAS
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Occupational Health & Safety Advisory Services
- OSRL
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Oil Spill Response Ltd
- OSPRAG
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Oil Spill Prevention and Response Advisory Group
R
- RBM
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Regional Business Manager
S
- Safety Case
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A document or suite of documents that identifies, assesses, and documents major hazards
- SE
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Social Enterprise
- SMC
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Senior Management Committee
- SRI
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Socially responsible investment
- sq km
-
Square kilometres
T
- toes
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Tullow Oil Environmental Standards
- TRI
-
Total Recordable Injuries
- TRIFR
-
TRI Frequency Rate measure in TRIs per million hours worked
U
V
- VAFR
-
Vehicle Accident Frequency Rate measured in vehicle accidents per million kms driven
W
- Well engineering
-
is responsible for the design, construction and maintenance of wells
- Well integrity
-
relates to the safety and ongoing viability of a well during its entire lifecycle
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Our strategy
Vision
To be the leading global independent exploration and production company
Objective
To deliver substantial returns to shareholders
Strategy
To achieve sustainable long-term growth through balanced funding, exploration and production in core geographical areas
Operational priorities
- Executing selective, high-impact exploration programmes funded by surplus cash flow or equity
- Delivering major projects, with a significant focus on increasing bankable reserves
- Managing our assets to high-grade the portfolio, replenish upside and assist funding needs
Corporate responsibility priorities
- Ensuring safe people, procedures and operations, and minimising environmental impacts
- Building long-term relationships with local governments, communities and key stakeholders
- Continuing to develop a strong team with excellent commercial, technical and financial skills
Values
To be the leading global independent exploration and production company
Focus on results
Strong sense of focus on results, driving tasks and projects through to completion with the flexibility to adapt to changing situations
Integrity and respect
Work with integrity and with respect for people, and for the environments in which we operate
Entrepreneurial spirit and initiative
Maintain our entrepreneurial and creative spirit as we challenge ourselves to develop the business and ourselves
Commitment to Tullow and each other
Work in a collaborative manner, empowering ourselves and others, whilst taking responsibility for our actions
