2008 Annual Report and Accounts

Organised Deliver

Executing our strategy

Tullow’s Executive Directors, led by Aidan Heavey, Chief Executive Officer, are tasked with executing the Group’s strategy and have responsibility for delivering shareholder value.

Financial strength and flexibility in a challenging environment

Ian Springett

Ian Springett, Chief Financial Officer

Finance Group strategic responsibility

Finance from our business model
  • Deliver sustainable long-term growth with a balance between funding, exploration and production spend and major activities in core areas of the business.

Tullow’s financial strategy is centred on ensuring the Group has a strong and well-funded balance sheet and is managed in a way that is consistent with the current external reality and the Group’s longer-term strategic goals for growth.

For Tullow, this means having the capacity to fund its activity set, particularly the significant investment in Ghana and Uganda developments; the ability to manage market volatility and uncertainty; the flexibility to selectively acquire or divest; and an overall balance between focused short-term activity and longer-term investment required for continued growth.

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