We are committed to meeting the challenge of operating responsibly from a local to a global level. Throughout our expansion, we have maintained a strong focus on our core principles of safety, partnership and responsibility.
2007 was an exceptional year for Tullow. The Group recorded its largest ever discovery offshore Ghana, continued its successful exploration in Uganda, generated record financial results and growth in reserves and resources.
2007 was an exceptional year for Tullow. The Group recorded its largest ever discovery, the Jubilee field offshore Ghana, continued its successful exploration in Uganda and generated record production, sales revenue, operating cash flow and growth in reserves and resources.
Tullow Oil plc ("Tullow") issues this Trading Statement in respect of its financial year to 31 December 2007 and this Operational Update in respect of recent Production, Development and Exploration activities.
In the first half of 2007, the Group continued to deliver major exploration success with a further world-class discovery in Ghana, where upside potential in excess of a billion barrels of oil has been identified.
The Trading Statement is in advance of the Group's Interim Results, which are scheduled for release on Tuesday, 4 September 2007. The information contained herein has not been audited and is subject to further review.