2008 Annual Report and Accounts

Case studies

Eirik Raude semi-submersible rig, offshore Ghana.
Eirik Raude semi-submersible rig, offshore Ghana.

Excellent execution

Delivering projects of unique scale and reward

Tullow has built a strong track record of achieving excellent execution across the business and this positions us very strongly to deliver projects of unique scale and reward.

Tullow’s operating capability and its ability to work with partners in non-operated assets is demonstrated in the development of the Group’s key producing assets in Europe, Africa and South Asia.

Working safely and minimising our impact on the environment is underpinned by strong EHS systems, a good performance record including an excellent 2008 H&S outcome and a Group-wide commitment to continuous improvement.

Sophisticated contracts and procurement capability ensures Tullow has the ability to secure rigs, key equipment and resources on time and to budget.

Our aptitude to step up to a challenge, requiring new skills and competencies, is reflected in the accelerated appraisal and development of a major deepwater asset.

Environment

Environment

Tullow Oil Environmental Standards defines the Group’s position on key environmental issues including biodiversity, climate change, resource management, stakeholder engagement, and monitoring and evaluation. Together these form
the Group’s environmental footprint.

Procurement

Procurement

The Jubilee development is a complex project being executed at a record pace. In the last year, in a tight market, Tullow has successfully contracted sufficient rig capacity, an FPSO, all the required subsea quipment and installation capability to deliver first oil in 2010.

Safety

Safety

Tullow had three Lost Time Incidents in 2008, resulting in a Lost Time Incident Frequency Rate of 0.49 per million hours worked. This is a record low for Tullow and places the Group’s performance in the top quartile for the industry.

Related links

Get more online Get more online

We are very committed to communicating with all stakeholders.