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.
Differentiated long-term exploration strategy secures the future
Angus McCoss, Exploration Director
E&A Group strategic responsibility
- Executing selective, high-impact exploration programmes funded by surplus cash flow or equity; and
- Managing our assets to high-grade the portfolio, replenish upside and assist funding needs.
Tullow’s exploration strategy is based on identifying transformational, high-value growth opportunities and appropriately mitigating risks by concentrating exploration in core plays and in areas of focus for the Group. This is delivered by successful execution of material commercial exploration campaigns with high success rates achieved through developing technical excellence.
The Group’s exploration strategy has been recalibrated to adjust to the global economic downturn so that investment is focused on operational and financial delivery in Ghana and Uganda, targeting short-term production and commercial reserves, whilst nurturing long-term growth options and replenishing portfolio upside.
