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Strong relationships and understanding between Tullow and the governments and communities of our host countries, as well as industry partners and opinion formers is essential to building a sustainable external operating environment.
Tullow can only succeed by building respectful and mutually beneficial partnerships with our stakeholders. This involves understanding, and being responsive to, the interests and concerns of governments, investors, communities, the business community, employees, NGOs, Civil Society Organisations (CSOs), and the media.
Mismanagement of relationships or mis-communication about our activities can lead to a loss of trust with stakeholders and ultimately compromise our ability to run our operations effectively. This can have significant consequences for the business, including project delays and unforeseen costs.
Stakeholder engagement is daily business practice at every level of the organisation. The Executive, through to our field engagement teams, regularly communicate with a wide range of stakeholder groups through formal meetings, open forums and on-the-ground engagement.
Throughout 2013, we have continued to engage with a full range of external stakeholders, not only to inform them about our operations, but to gain vital input on the way we run our business.
The governments of our host countries grant us licences to explore, develop and produce oil. They also oversee each stage of our operations, ensuring we meet the licence commitments we have made, from the number of wells drilled to our environmental management and local job creation.
Strong relationships between Tullow, the government and our industry partners are essential to achieving the timely execution of our exploration campaigns and development plans. We work to achieve effective, constructive and open engagement with governments, to unlock the value of our licences and production sharing agreements.
We believe we have a responsibility to understand the expectations of governments and to be clear about what we as a company need to do to be successful. In turn, we believe governments have a responsibility to listen, engage and create an environment in which our industry can make a positive long-term difference.
Tullow does not support any political party and does not make any political donations, either through direct funding or assistance in kind.