Europe, South America & Asia

Last updated: 12 Feb 2014

Production

Key statistics

Countries Producing fields 2013 Working interest production % of Group production % oil/gas
4 47 19,200 23% 1/99

In 2013, average working interest production was 19,200 boepd predominantly from the Southern North Sea gas assets in the UK and Netherlands, the Bangora gas field in Bangladesh and a small amount of oil production from Norway.

In 2012, Tullow announced its intention to sell the Group's gas assets in Asia and the Southern North Sea (UK and Netherlands). The Bangladesh asset sale completed in December 2013 whilst the other sales process continue.

Production Summary - Key producing assets (1)

  2013 Average (kboepd) 2014 Forecast (kboepd)
EUROPE    
UK 9.2 10.7
Netherlands 5.3 4.9
Norway 0.3 0.1
EUROPE TOTAL 14.8 15.7
ASIA    
Bangladesh 4.4 0.0
ASIA TOTAL 4.4 0.0

(1) Includes condensate

2014 Development opportunities*

Bangladesh sales process completed in December 2013.

Country Developments Sanction
Decision
First
Production
No. of Wells Status
Netherlands Joint Development Area (JDA) wells Q3 2013-2016 Q1 2014 8 Suite of wells including L13-FI development, L13-FH, K18-G infill, K7 and K8 infills

Tullow asset sales Process continues
L-15-A Infill 2014-2016 Q3 2014 3 1 well per year over next 3 years
Tullow asset sales process continues
UK
CMS Area
Schooner and Ketch Infill Campaign 2014 2015-2017 8 Suite of infill wells and sidetracks.
Tullow asset sales process continues
CMS Area - Kelvin 2014 2014-2015 1 In planning
Tullow asset sales process continues
Pakistan Kohat Block 2014 2014 TBC Possible appraisal or development decision following 3D seismic over Shekhan discovery.
Sales process for Tullow Pakistan is underway targeting end 2014 completion
Kalchas Block Tick 2015 1+ Two well programme (Marri-1 & Kup-1) planned for 2013/14 to be followed by appraisal programme in the event of success. Sales process for Tullow Pakistan is underway targeting end 2014 completion
Norway1 Brage infill Tick Producing 2-3 infill Ongoing production infill well drilling campaign through 2014. License extension granted by authorities until end 2030. Tullow WI following harmonisation agreement is 2.5%
Bream 2014 2017/18 5-7 Licence extension granted; new operator is Premier Oil. Tullow WI remains 20%. Development plan due to be submitted in late 2014. Up to five producers and two water injectors currently planned
Butch 2016 2018
(tieback)
2019 (standalone)
 
10+ Two exploration / appraisal wells in 2014. Concept selection & development plan due early 2016 following appraisal

1 Portfolio management of non core developments will be reviewed

*Data from latest fact book.