West & North Africa

Last updated: 16 March 2015

Key statistics

Key
activities
Countries Licences Acreage
(sq km)
Producing
fields
 1H 2014 Working interest production (boepd) 1H 2014 Sales revenue 1H 2014
Capital
investment
E D P 7 25 71,265 17 63,400 $1,957 $1,240m

 

Tullow's first African licence was acquired in Senegal in 1986. The transformational acquisition in 2004 of Energy Africa was a further growth step in Tullow’s African portfolio, bringing with it five African producing countries, significant exploration opportunities and an experienced team of geologists. Then in 2007 the Hardman Resources acquisition brought Tullow the operatorship of EA-2 in Uganda and production in Mauritania.

The next stage of the African production growth story was in November 2010 when the Jubilee field in Ghana came on stream and has gradually risen to a 100,000 bopd field with further upside potential to come. The TEN discovery in Ghana received Plan of Development approval in May 2013. This project represents Tullow's second major development project in Ghana. The TEN Project is now over 50% complete and remains on track and on budget first oil in mid-2016.

The Group has a vast portfolio of exploration acreage across the region. Tullow has built up an expertise in targeting certain play types and geologies that resulted in the commercial discoveries at Jubilee and TEN. Whilst the current low oil price environment remains, there will be fewer exploration wells drilled in this region. However, work continues to build up the prospect inventory for future drilling campaigns which could include shallower, less complex wells.

Licence list

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