2008 Annual Report and Accounts

Report contents

Group overview

Tullow has maintained its outstanding exploration record and made excellent progress in developing its world-class basins in Ghana and Uganda in 2008. The Group is focused on future growth and in this section you will learn about our operations, performance and outlook.

We believe we have developed a unique set of characteristics and competencies that will help us deliver the next phase of growth for Tullow.

Directors’ report: Business review

Tullow has a clear vision to be the leading independent global exploration and production company. Here you can read about how well positioned we are for the next phase of growth, how we are realising our vision, executing our strategy and measuring our progress.

Read about our operational performance for the year.

Review our record results, enhanced financial flexibility and comprehensive risk management systems.

Read about our commitment to our people and our embedded approach to our Corporate Social Responsibilities (CSR) in the following sections.

Directors’ report: Corporate governance

Read how Tullow operates within a clear framework for the management of the Group, the safety of its operations, the successful execution of its strategy and delivery of shareholder value.

Financial statements

This section contains statutory information on Group and company accounts, a summary of the Group’s performance over five years, a current licence list and information on Tullow’s commercial reserves and contingent resources.

Supplementary information

In this section you will find information for shareholders about dividends, dealing services and e-communication together with Group contacts and senior management. An index and glossary are also included to help users understand our business.

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