Drilling riser on Eirik Raude rig, offshore Ghana.
100% exploration success record
The Group achieved a 100% exploration success rate in
Ghana and Uganda, which significantly de-risks these major development projects.
Jubilee on target
for first oil in 2010
Phase 1 of the Jubilee field development in Ghana remains on track for first oil in 2010, just three years after the first discovery well.
James Byrne, EHS Advisor, on the Blackford Dolphin rig.
Block 1, Uganda.
The central processing complex on the Hewett field, in the UK’s Southern North Sea.
Successful equity placing and financing
In early 2009, Tullow raised gross proceeds of £402 million through an equity share placing and secured US$2 billion of bank facilities.
Excellent health
and safety results
A strong focus throughout the year on health and safety delivered the Group’s best ever performance, placing Tullow in the top quartile in the industry.
£210 million sale
of UK assets
During the year, Tullow sold its 51.69% interest in the offshore Hewett Unit fields and related infrastructure, including the onshore Bacton terminal.
Tullow employees working at the Takoradi pipe-yard in Ghana.
