Europe, South America & Asia

Last updated: 12 Feb 2014

Key statistics

Key
activities
Countries Licences Acreage
(sq km)
Producing
fields
 2013 Working interest production (boepd) 2013 Sales
revenue
2013
Capital
investment
E D P 9 96 107,282 47 19,200 $399m $474m

 

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.

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 also produced gas from the Bangora field in Bangladesh and has an exploration portfolio 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.

Licence list

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