Report tools
-
Print
-
-
Notes for this page
-
Download
-
Glossary
A
- AA1000SES
-
AccountAbility AA1000 Stakeholder Engagement Standard
- ACET
-
Assists African governments to achieve long-term economic growth and transformation www.acetforafrica.org
B
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
L
M
- MSF
-
Multi-stakeholder forum
N
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
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
-
My Report
You do not have any pages or notes saved.
You can create your own list of important report pages and accompanying notes here. You can then print your selected pages and notes, download them as a PDF, or email a list of the pages you've saved.
To save a page, click the "Add+" button at the top of any report page.
To add a note to a page, click on the 'Notes' tab and fill out the form. If you want to add another note to the page, simply add it to the same form.
Your list of saved pages and notes will appear in this window.
What we do
We create long-term value by pursuing a consistent strategy that seeks to deliver a balance between exploration, appraisal and development investment, with revenue from production and sources of funding. To do this successfully and sustainably, we must operate responsibly across the business.
Exploration and appraisal
In order to explore we must first be granted a licence by the governments of the countries in which we wish to invest. After extensive analysis, exploration campaigns are planned to try to discover oil and gas fields or, more strategically, open new basins.
When we make a significant discovery, we drill wells to determine the size and quality of the discovery. Appraisal wells are drilled to confirm the size of a new field or to define the extent of a geological play over much larger areas.
Production and development
If appraisal confirms that development of a discovery will be commercially and financially viable, we begin work on a development plan. Development plans involve extensive stakeholder engagement and must consider environmental, social and operational issues. These plans are approved by governments and regulatory authorities. The ultimate aim of successful development is to achieve production in a safe, environmentally conscientious and cost effective way.
| 2010 | Group | Africa | Rest of the World |
|---|---|---|---|
| * 24 including corporate offices in South Africa and Ireland | |||
| Countries* | 22 | 15 | 7 |
| Licences | 94 | 53 | 41 |
| Permanent employees | 935 | 506 | 429 |
| Acreage ('000 sq km) | 280 | 215 | 65 |
| Exploration and appraisal (E&A) wells | 29 | 28 | 1 |
| Successful E&A wells | 24 | 23 | 1 |
| Development wells | 95 | 93 | 2 |
| Production barrels of oil equivalent per day (boepd) | 58,100 | 39,000 | 19,100 |
