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Last updated: 20 Mar 2013
|
Key activities |
Countries | Licences |
Acreage (sq km) |
Producing fields |
2012 Working interest production (boepd) |
2012 Sales revenue |
2012 Capital investment |
|---|---|---|---|---|---|---|---|
| E D | 6 | 16 | 139,473 | 0 | 0 | $0m | $433m |
Tullow's first African licence was acquired in Senegal in 1986. The transformational acquisition in 2004 of Energy Africa was a further step in the African portfolio growth, bringing with it five African producing countries. Then in 2007 the Hardman Resources acquisition brought Tullow the operatorship of EA-2 in Uganda and production in Mauritania.
Since 2007, in South and East Africa, Tullow has been very active exploring the Lake Albert basin in Uganda and in 2012 successfully completed a partial farmdown of its acreage to CNOOC and Total for $2.9bn. The Group now has an aligned partnership focused on an appraisal programme and development of the basin.
Following the success in Uganda, Tullow recently embarked upon the next stage of its exploration strategy in the region by securing significant acreage in Kenya and Ethiopia in 2011, with drilling commencing in Kenya in January 2012. With the first basin opening well, Ngamia-1, Tullow was pleased to announce that over 100 metres of net oil pay was discovered and this was followed by a second successful well at Twiga South-1. Significant activity will continue in this area through 2013/14.
In August 2012, Tullow announced that it had farmed in to offshore Mozambique with 2 exploration wells planned during 2013.
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