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    Glossary

    A

    AA1000SES

    AccountAbility AA1000 Stakeholder Engagement Standard

    ACET

    Assists African governments to achieve long-term economic growth and transformation www.acetforafrica.org

    B

    boepd

    Barrels of oil equivalent per day

    bopd

    Barrels of oil per day

    C

    CCDP

    Community Consultation and Disclosure Programme

    Conship

    A wholly owned Ghanaian freight forwarding and logistics company www.conshiponline.com

    CNOOC

    China National Offshore Oil Company

    CR

    Corporate Responsibility

    CSO

    Civil Society Organisation

    E

    E&A

    Exploration and Appraisal

    EHS

    Environment, Health and Safety

    EHSMS

    EHS Management System

    EIA

    Environmental Impact Assessment

    EITI

    Extractive Industries Transparency Initiative

    EMS

    Environmental Management System

    ENSCO

    Provider of offshore contract drilling services to the oil and gas industry www.enscoplc.com

    ES

    Environmental Statement

    Eirik Raude (The)

    a fifth-generation semi-submersible drilling unit

    ESIA

    Environmental and Social Impact Assessment

    F

    Farm-down

    the sale of a percentage of a licence interest to another company

    FPSO

    Floating Production Storage and Offloading vessel

    FTSE 100

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

    G

    GHG

    Greenhouse gases

    GIS

    Geographic Information System

    GOELF

    Ghana Offshore Emergency Leadership Forum

    GRI

    Global Reporting Initiative

    H

    H&S

    Health and Safety

    HiPo

    High Potential Incident

    HiPoFR

    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

    km

    kilometres

    KPI

    Key Performance Indicator

    L

    LTI

    Lost Time Injury

    LTIFR

    LTI Frequency Rate measured in LTIs per million hours worked

    M

    MSF

    Multi-stakeholder forum

    N

    NGO

    Non-Governmental Organisation

    NVQ

    National Vocational Qualification

    O

    OGP

    International Association of Oil and Gas Producers (The)

    ONE

    Grassroots advocacy and campaigning organisation fighting extreme poverty and preventable diseases www.one.org

    OHSAS

    Occupational Health & Safety Advisory Services

    OSRL

    Oil Spill Response Ltd

    OSPRAG

    Oil Spill Prevention and Response Advisory Group

    R

    RBM

    Regional Business Manager

    S

    Safety Case

    A document or suite of documents that identifies, assesses, and documents major hazards

    SE

    Social Enterprise

    SMC

    Senior Management Committee

    SRI

    Socially responsible investment

    sq km

    Square kilometres

    T

    toes

    Tullow Oil Environmental Standards

    TRI

    Total Recordable Injuries

    TRIFR

    TRI Frequency Rate measure in TRIs per million hours worked

    U

    UN

    United Nations

    UNGC

    United Nations Global Compact

    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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About this report

Our reporting roadmap

Since our first report in 2006 we have grown considerably as a company and the scope of our reporting, as well as our understanding of what we need to report, have changed accordingly.

Our audience

The report aims to give an overview of our corporate responsibility performance for all Tullow stakeholders. Sections 1 and 2 are designed to provide an easily accessible summary of our progress, with detailed information for those who wish to read more in sections 3 and 4.

To increase accessibility to our full range of stakeholders the report has also been published online, both in interactive and pdf format and in French. In 2011, we will also be publishing a summary report for easy use in external engagements, particularly where the audience is large and the majority of readers may not wish to access the most detailed information.

Each Tullow operation identifies, prioritises and engages stakeholder groups that its activities have the most impact on. The stakeholder mapping process in key countries is managed by local Corporate Affairs teams. In other areas country managers are responsible for contributing to stakeholder mapping. Central support is provided by the Group External Affairs team, including input on relevant stakeholders with a global reach on issues that are material to Tullow's business.

Our stakeholders include, among others, local communities, government (national, regional and local, including regulators), NGOs (both advocacy and development), policymakers, intergovernmental organisations, academics, think tanks, investors, the media and employees.

Improving what we do

Every year we solicit feedback and suggestions on how we can improve our reporting. In 2010, recommendations included the need to more clearly establish the business case for corporate responsibility and to more clearly link corporate responsibility to Tullow's overall business strategy. As a result, this year's report is dedicated to explaining the approach to corporate responsibility introduced in last year's report – creating shared prosperity – and how we deliver this through every part of our business.

Other recommendations for improvements included the need to further demonstrate how stakeholder dialogue/feedback impacts our business strategy and to improve identification of our material issues. We have listened to this advice and during the year we have tried to use more structured methods to analyse trends in the type of issues raised by our stakeholders and that we have identified through internal engagement.

This resulted in a significant impact on the structure of this report. Four of the issues raised by our stakeholders have shown themselves to be more important than any others (in terms of the frequency with which they were raised). These receive additional focus in this report, in the form of special features and they have been expanded on both in Tullow's words, and in the words of our stakeholders.

We have also added in new 'performance' chapters on areas of our business that have developed significantly enough over the last 12 months to warrant more in-depth treatment. These include materiality, stakeholder engagement, sustainable supply chain and social enterprise.

GRI has confirmed that this report 'Creating shared prosperity' (2010) fulfills the requirement of Application Level B+. The GRI Content Index and the Basis of Reporting is available for download on our Downloads page.

Limited assurance has been carried out on Group-level compilation of environmental, safety and social performance indicators for the year ending 31 December 2010. An Internal Audit review of data collection, aggregation and reporting has also been conducted for social enterprise data.

Looking forward

While we are sure we have made progress in our understanding of and ability to report on our key stakeholder issues, this is very much work-in-progress. We know we have some way to go in terms of stakeholder input into our overall reporting strategy, both in the report itself and through the Tullow Oil website. This year we have reported for the first time on key external sustainability initiatives and standards to which we have signed-up or with which we are aligned. Our aim is to use such initiatives more effectively to guide us on what and how we report moving forward.

Special features

Insight into some of the main issues affecting our business

Reporting timeline

Our goal in 2010 was to engage with stakeholders to create a three-year reporting roadmap.

Stakeholder priorities

We have addressed all of these issues either in this report or in the corporate reponsibility section of our corporate website.