Europe, South America & Asia

Last updated: 16 March 2015

Key statistics

Key
activities
Countries Licences Acreage
(sq km)
 1H 2014 Working interest production (boepd) 1H 2014 Sales
revenue
1H 2014
Capital
investment
E D P 10 96 136,536 11,800 $255.8m $180m

 

Tullow has production assets, ongoing developments and exploration acreage across the UK, Netherlands, Norway and Greenland. 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 has an exploration licence in Greenland where seismic commitments were met during the summer of 2012. Tullow has been carrying out a review of its assets in the region over recent years and has sold a number of gas producing assets in the UK, Norway and Netherlands. Norway remains a key area for Tullow with tax efficient exploration drilling the main focus across a number of basins where Tullow has secured new licences through various licencing rounds.

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. Following this exploration trend northwards, Tullow secured in 2014, offshore exploration interest in Jamaica where low cost commitment activities will be carried out in the coming years.

The Group has some non operated exploration interests in Pakistan which it has been in the process of selling.

Licence list

  • British flag
  • French flag

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