2008 Annual Report and Accounts

Case studies

Driller working on the Kingfisher-3A well, Uganda.
Driller working on the Kingfisher-3A well, Uganda.

Entrepreneurial spirit

Unique characteristics that deliver superior performance

Tullow has an entrepreneurial leadership team who have demonstrated a flexible and creative approach to building a strong business and portfolio of assets.

A flat organisation and integrated decision-making allows the Group to anticipate and respond quickly to business issues or opportunities as they arise.

A balanced mix of professional management and industry experts, with a diverse blend of skills and disciplines, gives Tullow the depth and strength to deliver an excellent operational performance and strong execution on major projects.

An appetite for managed risk, active portfolio management and a strong balance sheet ensures that the Group can execute its ambitious growth plans. These plans are built on solid foundations and strong relationships with partners, governments, employees, contractors, operators and local communities, developed over many years.

Record growth

Record growth

It has been a successful five years: the Energy Africa acquisition in 2004; followed by the discovery of a major oil province in Uganda; quickly consolidated through the acquisition of Hardman Resources; world-class discoveries in Ghana; and exceptional exploration success in 2008.

Building our team

Building our team

We continually invest in our team and increase the capability of the business so that we are always prepared to move to the next level. In 2008,170 people joined Tullow in readiness to take on further operational challenges that will continue to deliver significant shareholder value.

2010 and beyond

2010 and beyond

While first oil is targeted from Jubilee in 2010 and development plans for Uganda are well under way, the Group is also continuing to high-grade its exploration portfolio focusing on the most prospective plays for high-impact drilling campaigns in 2010
and beyond.

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