Where we operate

Group

Last updated: 20 Mar 2013

Production

Key statistics

Countries Producing Fields 2012 Working interest production boepd % oil/gas
11 67 79,200 73/27

Tullow currently has production in 11 countries around the world from 67 producing fields. The majority of the 79,200 boepd average working interest production in 2012 came from Africa, followed by the Southern North Sea and then South Asia. The gas assets in these latter two regions are currently held for sale.

Production Summary - Key producing assets*

  Working interest production boepd  
Core Area Country Asset Interest  2012 Actual 2013
Forecast
Fiscal
Regime
West & North Africa
  Congo (Brazz) M'Boundi 11% 2,500 2,400 PSC
  Côte d'Ivoire Espoir 21.30% 3,400 4,000 PSC
  EQ Guinea Ceiba 14.25% 2,850 3,500 PSC
    Okume 14.25% 8,350 6,200 PSC
  Gabon Tchatamba 25% 4,000 4,000 PSC
    Niungo 40% 2,500 2,100 Tax
    Etame Complex1 7.50% 1,450 1,100 PSC
    Others - 6,050 6,800 Various
  Ghana Jubilee 35.48% 25,450 37,750 PSC
  Mauritania Chinguetti 22.25%2 1,300 1,200 PSC
  Sub Total 57,850 69,050  
Europe, South America & Asia
  Netherlands Various 4.1-22.5% 6,350 5,200  
  Norway Brage 2.5% - 250  
  UK CMS Area2 14.1-100% 9,300 10,400 Tax
    Thames Area 50-87% 750 50 Tax
  Sub Total 16,400 15,900  
 
  Bangladesh Bangora 30% 4,915 4,050 PSC
  Pakistan Shekhan-1 40% 35 0 -
  Sub Total 4,950 4,050  
 
TOTAL 79,200 89,000  

1. Etame / Avouma / Ebouri

2. CMS Area production includes UK condensate production

*Data from latest fact books.

Development

Tullow focused its 2010 development on fast tracking and monetising Phase 1 of the Jubilee field in Ghana. This trend continued throughout 2011 as the fields production ramped up and in 2012 additional capital was successfully invested to remediate some Phase 1 wells and to commence the Phase 1A development. In 2013, further capital is expected to be invested in the continued Phase 1A roll out and the commencement of the TEN development in Ghana.

2013 Development opportunities*

Country Developments Sanction
Decision
First
Production
No. of
Wells
Status
West & North Africa
Congo
(Brazzaville)
M'Boundi Field Re-development Tick Producing 14+ wells p.a Continued infill drilling with 2 rigs, including appraisal of recent SE MBoundi field extension. Gas reinjection project to be commissioned in H2 2013.
Côte d'Ivoire Acajou appraisal 2014 2016 1-2 Satellite discovery near Espoir field.
Espoir Infill Drilling Tick Q2 2013 8 + 4 First 8-well project sanctioned and drilling operations commence Q1. Second 4-well project proceeding towards approval.
Equatorial
Guinea
Ceiba infill drilling Tick Q2 2012 7 + 3 WO

First 6 producers based upon 4D seismic added 18 mb/d gross production during 2012. Up to 4 more wells due on line, concluding the campaign by end 2013.

Deep water Okume Complex Infill drilling Tick Q4 2013 8-12 New-build tender assisted rig to drill 12 wells from Foxtrot TLP and then Echo TLP, plus 1 subsea producer tie-back. Rig due to arrive Q3 2013.
Shallow water Okume Complex Infill drilling 2013 Q4 2014 4-8 Jackup rig infill wells on Elon field in 2014, quantity to be determined from ongoing 4D seismic analysis.
Gabon Ebouri/Avouma (Etame complex) Tick Q1 2013 3 workovers + 2 pilots & horizontals if successful + 1 Exploration Commenced drilling Avouma producer, followed by 3 workovers, plus Ebouri appraisal well. Sanctioned development on SEENT field with new wellhead platform for 2014, plus new Etame wellhead platform for 2014. Template drilling to take place 2014.
Echira Infill Q4 2013 H1 2014 1 Infill drilling scheduled for Q1 2014.
Limande Re-development Tick Q3 2013 5 Four producers plus 1 gas injector commencing mid 2013, using same rig as Tchatamba.
Niungo Infill Tick Q4 2012 1 + 7 USRs First 2 ultra short radius (USR) side-tracks added 1.5 mb/d. Niungo Deep Appraisal well in progress, followed by up to 5 more USR’s during 2013.
Onal- Maroc Nord Development Tick Producing 18 wells per year Development drilling at Maroc North and Onal in progress. 3D seismic under review to optimise infill targets.
Tchtamba – Marin and South Infill Tick Q2 2013 4 Two producers at Marin platform Q2 2013, followed by 2 at South platform Q4 2013.
Tsiengui Tick Producing > 20 prod Phase 2 drilling commenced Q2 2011 (3 year program). Gas injection scheme being implemented.
Turnix Tick Q2 2013 2 First well scheduled Q2 2013, using same rig as Limande and Tchatamba.
Ghana Jubilee Phase 1a Tick Q4 2012 8 Infill wells using existing and additional subsea infrastructure. Designed to raise recovery and extend plateau with 5 extra producers and 3 water injectors. First production achieved Q4 2012. Project completion by end 2013 with all wells on-line.
Jubilee Full Field 2013 onwards 2014-20 10-20 Incremental development consisting of additional infill wells and subsea infrastructure to further raise recovery and maintain plateau production levels. A Full Field Development Plan (FFDP) is being discussed with the Government. Additional subsea tree equipment (long lead items) has been ordered.
West Cape Three Points (Teak, Mahogany-East, Akasa) 2014 2016-21 4-6 Development possibilities are under discussion with Partners and Government, and development plan submission may follow. Tie-back in to Jubilee facilities is likely plan.
Tweneboa/Enyenra/Ntomme (T.E.N) 2013 2016 23 Plan of Development (PoD) submitted to Government of Ghana in November 2012. Plan approval process underway. First oil timing 32-36 months post plan approval.
Mauritania Banda Gas 2014 2016 2 Development plan for gas scheme approved by Mauritanian Government in Q4 2012. Front end engineering work complete. Sanction will take place when gas sales agreement is in place. Active engagement underway.
East & South Africa
Namibia Kudu End 2013 2016-2017 3-4 Significant agreement progress made in 2012 with Namibian Government and Partners. Detailed FEED work commenced. Project sanction will require closure of gas sales agreement to new power station.
Uganda Basin Wide Development 2014 2017-2018 700+ A basin wide development plan is being prepared by the partnership incorporating upstream development across the 3 Blocks, including refining and export infrastructure.
Europe, South America and Asia
Netherlands Joint Development Area (JDA) wells 2013-2015 Q1 2013 – 2015 6-7 NAM operated wells using Swift rig and back-to-back drilling.
L-15-A Infill 2013-2015 Q3 2013 3 1 well per year over next 3 years.
UK
CMS Area
Schooner Infill Tick Q3 2013 1 SA-11 Infill well, Schooner field.
CMS, Boulton Field Infill 2013 2014 1 In planning.
 
Bangladesh Bangora Workovers Tick 2013 2 Workovers of existing wells to replace tubing and add perforations to restore plateau rate to 100-120 mmscfd.
Bangora Phase 3 Tick 2014 n/a Installation of compression to maintain plateau production at 100-120 mmscfd and increase recovery.
Bangora South 2013 2015 1+ Southern satellite to Bangora Field awaiting drilling sanction.
Pakistan Kohat Block 2013 2014 TBC Possible appraisal or development decision following Shekhan Extended Well Test, and acquisition and interpretation of seismic data.
Kalchas Block Tick 2014 1+ First well (Marri-1) planned for 2013 to be followed by appraisal programme in the event of success.
Norway1 Brage infill Tick Producing 4 – 5 infill Ongoing production infill well drilling campaign through 2013/14, following rig upgrades due in Q1 2013. Operator change from Statoil to Wintershall awaiting approval from authorities, but expected early 2013.
Bream End 2013 2017 7 Licence extension pending. Development plan due to be submitted in Dec 2013. Leased FPSO development scheme currently envisaged. Upto five producers and two water injectors currently planned.
Butch 2015 2018 10+ Two firm appraisal wells to be drilled in Q3/Q4 2013. PDO deadline Q1 2016. Development concepts currently range from subsea tieback to standalone facility.

1 Portfolio management of non core developments will be reviewed

*Data from fact books.