Europe, South America & Asia

Last updated: 19 November 2014

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 10 97 137,749 47 14,600 $165m $101m

 

Tullow has production assets, ongoing developments and exploration acreage in the UK, Netherlands and Norway. Tullow’s experience in the Southern North Sea has provided a strong platform for expansion in this region. Tullow qualified as an operator in Norway in 2012 as a first step in expanding the Group's activities in the North Atlantic which was followed in December 2012 by the acquisition of Norway's Spring Energy. Tullow also has an exploration licence in Greenland where seismic commitments were met during the summer in 2012. In December 2012, Tullow announced that it intended to sell its gas assets in the UK and Netherlands with the sales process continuing in 2014 leaving the remaining exploration porrfolio in Norway as the main focus in the region.

In South America, Tullow has significant exploration acreage in French Guiana, Suriname, Guyana and Uruguay where the Group is attempting to replicate the success of the West African Jubilee play across the Atlantic. The first test of this was the Zaedyus-1 well in French Guiana which successfully discovered oil in September 2011. 

The Group has previously produced gas from the Bangora field in Bangladesh and holds exploration licences in Pakistan. In March 2012, Tullow took the decision to commence a process to sell these Asian assets in order to focus on its core African and Atlantic Margin strategy. In December 2013, Tullow completed the sale of its Bangladesh assets and has agreed to sell its Pakistan exploration assets which is expected to complete in 2014.

Licence list

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