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Epic & Msn data
Epic TLW
Time: 10:21:23
Mid Price: 1272.00
Change Today: -10.00 Descending
Change % Today: -0.78 Descending
Fifty Two Week High: 1369.00
Fifty Two Week Low: 726.00
Market Capital: 11254.02
Period & price data
Period Price
Now: 1272.00
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: LSE
Sector: Energy
Epic: TLW
News: Latest news
Web Site: Tullow Oil
Other Articles: 27-01-201022-01-201021-01-2010

Crude Oil

Tullow Oil

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 100 exploration and production licences across 23 countries and focuses on four core areas: Europe, Africa, South Asia and South America.

Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames-Hewett areas and operates over 70% of its production. The company also has interests offshore the Netherlands and Portugal.

In Africa, Tullow has exploration and production in Gabon, Côte d'Ivoire, Mauritania and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.

In South Asia, Tullow has exploration and production in Pakistan and Bangladesh and high impact exploration activities in India.

In South America Tullow has high impact exploration interests in Trinidad and Tobago, French Guiana and Suriname. 


Wednesday, November 11, 2009

Tullow Oil reports 85% Exploration Success Rate In Year to Date

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This morning, Tullow Oil (LSE: TLW) (‘Tullow’) released its Interim Management Statement for the period covering July to 11 November. The FTSE 100 Oil & Gas producer said that its business continues to perform strongly, with particular emphasis on its exploration success rate of 85% in the year-to-date. The initial success in its exploration programme has largely been driven by projects in Uganda, Ghana and Sierra Leone.


Tullow’s overall operational and financial performance is said to be in line with expectations. According to Tullow, the outlook for the remainder of 2009 and into 2010 is ‘very positive’.


Tullow also confirmed that its production and development assets are performing well, with 2009 working interest production expected to average 58,000 barrels of oil equivalent per day (boepd) which in line with previous guidance.
Also in Africa, the Jubilee development drilling and facilities fabrication remains on track to deliver first oil in the fourth quarter of 2010. A number of high-impact wells will also commence drilling before year-end and Tullow expect to have a new partner in Uganda early in the New Year.


Tullow’s track record in Africa has been nothing short of excellent in recent years.  Success in Sierra Leone and Ghana has significantly enhanced the potential of the West African portfolio, and the inclusion of Shell as a partner in its French Guiana projects “is a strong endorsement” of its acreage.

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