Shared prosperity

CREATING SHARED PROSPERITY

We are committed to sharing the industry’s prosperity with our host nations. We work towards this long-term goal through:

  • Our non-aggressive tax policy, which ensures we pay a fair amount of tax;
  • Employing nationals of our host countries, both directly in Tullow and indirectly through our supply chain;
  • Providing opportunities for local businesses to work with Tullow and to be part of our supply chain; and
  • Supporting local companies by building their capacity and helping them to compete for opportunities.

2015 shared prosperity highlights

Working with local people and businesses

local employment

Due to the capital and technology intensive nature of the industry, only a relatively small number of highly technical and specialised personnel are needed by our operations. We also operate in countries where the oil industry is new and just developing and so the skills and expertise of the national workforce can be limited or still emerging.

However, we have a commitment to hiring locally and have set internal targets for increasing the proportion of our staff represented by the nationals of our host countries. There are also employment opportunities in our supply chain, particularly in our onshore operations. We try to maximise these by requiring our international suppliers to employ and source goods and services locally, as part of their contract with us. We also work closely with our host governments to ensure that their expectations around skills localisation are balanced with operational and labour market realities.

local business

We maximise opportunities for local businesses and our local content strategy helps local businesses to develop so they can secure work from the wider industry. We reinforce this work through our contracting strategy by requiring international suppliers to set out in their tender documents their commitment to developing local companies within their own supply chains.

2015 Corporate Responsibility Report

Read more about Shared Prosperity in the 2015 CR Report.

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Case studies

Transparency Report

Through transparency we demonstrate our commitment to good corporate governance. We believe revenue transparency enables governments, citizens and international opinion formers to participate in debate and the exchange of ideas on how wealth from oil resources should be managed sustainably and equitably.

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