New Ventures

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About Tullow's New Ventures

The New Ventures Business Team is responsible for Tullow’s frontier exploration and appraisal activity across Africa and South America. The team is tasked with managing and replenishing Tullow’s exploration portfolio with high-potential prospects and finding high value oil at low-costs, in areas with commercially attractive licence terms. 

Tullow has built a licence position in some of the most sought-after acreage in the world and have identified the best prospects with the right equities and risk following careful technical and financial screening. The Group expects to drill an average of 3 to 5 low-cost frontier wells in future years across multiple campaigns in Africa and South America.

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Page last updated: 12 December 2019