2014 GHANA INVESTOR FORUM 2014 GHANA INVESTOR FORUM
2014 GHANA INVESTOR FORUM 2013 full year results summary 2013 2012 Change Sales revenue 2,647m 2,344m +13% Gross profit 1,440m 1,345m +7% Administrative Expenses (219m) (191m) Profit on disposal 30m 702m Exploration costs written…
2014 GHANA INVESTOR FORUM Delivering against our strategy 2013 2014 + High Margin 1.9 billion Cash flow growth Production Cash flow 2013 Cash Flow Ghana 2016 East Africa 2018 Exploration & Appraisal 220mmboe Targeting 200mmboe…
2014 GHANA INVESTOR FORUM High margin production cash flow High Margin Production Cash flow 2013 Group actual production: 84,200 boepd 2013 West African Revenue 2014 Group production guidance: Eq Guinea 79-85,000 boepd 14%…
2014 GHANA INVESTOR FORUM Jubilee world class asset delivering long term cash flow High Margin Production Cash flow Strong reservoir performance Existing well production capacity 130mbd Final Phase 1A wells to be completed as…
2014 GHANA INVESTOR FORUM Jubilee 100 cargo offtakes, 100 million barrels High Margin Production Cash flow Milestone production On 14 April, the FPSO Kwame Nkrumah completed the 100th off-take from the Jubilee Field Closely followed…
2014 GHANA INVESTOR FORUM Cash flow growth from a pipeline of future projects High Margin Production Cash flow KENYA - South Lokichar Basin Development studies underway; Material growth Single basin has potential to produce in excess…
2014 GHANA INVESTOR FORUM Exploration & Appraisal Exploration & Appraisal 900 Ekales-1 & Agete-1 200mmboe / year, steady performance 800 Strong run of success in Uganda & Ghana Twiga-1 & Etuko-1 New basins campaigns deliver…
2014 GHANA INVESTOR FORUM 2014+ exploration programme - targeting 200mmboe p.a. Exploration & Appraisal Key exploration wells in the next 18 months EAST AFRICAN NORWEGIAN CONTINENTAL SHELF RIFT BASINS Norway: Ethiopia: Hanssen Q2 2014…
2014 GHANA INVESTOR FORUM Strong record of resource additions & reserves replacement Exploration & Appraisal 2P Commercial Reserves and 2C Contingent Resources Total Resource Potential as of 31 December 2013 as of 31 December 2013…
2014 GHANA INVESTOR FORUM East Africa: Multiple basins with new oil province potential Exploration & Appraisal Possible campaign scenarios 8/12 basins successful 12 Gross Potential in Billion Barrels 10 Pioneering basins: -…
2014 GHANA INVESTOR FORUM Monetisation options & portfolio management Monetisation Options & Portfolio Management Southern North Sea Assets Bangladesh UK & The Netherlands interests Schooner & Ketch sale agreed Sale of Bangladesh…
2014 GHANA INVESTOR FORUM Selective Developments Selective Developments TEN PROJECT Project execution underway and on track West Leo rig secured and first two development wells drilled Centennial Jewel tanker-FPSO conversion underway…
2014 GHANA INVESTOR FORUM East Africa major onshore Tertiary Rift Basin projects Selective Developments Kenya Operated world-class onshore oil project Favourable conditions allowing for rapid progress Clear plan towards 2015/16…
2014 GHANA INVESTOR FORUM Funding: Strong balance sheet & financial flexibility Funding Business Strategy Funding Strategy Financing Initiatives Additional cash flow from new production Commercial Bank 4bn debt facilities…
2014 GHANA INVESTOR FORUM 2014 GHANA INVESTOR FORUM
2014 GHANA INVESTOR FORUM How we do business Creating Shared Prosperity We manage our business in a responsible way to maximise sustainable development opportunities for host nations. We are committed to ensuring long-term…
2014 GHANA INVESTOR FORUM Open, transparent disclosure Economic contribution We are committed to transparent disclosure of payments to governments and other stakeholders in the countries in which we operate Revenue transparency and…
2014 GHANA INVESTOR FORUM Socio-economic contribution in Ghana 2013 500+ million: Total socio-economic contribution SOCIO-ECONOMIC CONTRIBUTION 130 million spent with local suppliers over 40% of Tullow Ghana contracts under…
2014 GHANA INVESTOR FORUM 2014 INVESTOR FORUM
2014 GHANA INVESTOR FORUM Delivering against our strategy 2013 2014 + High Margin Production 1.9 billion Cash flow growth Cash flow 2013 Cash Flow Ghana 2016 East Africa 2018 Exploration & Appraisal 220mmboe Targeting 200mmboe…
2014 GHANA INVESTOR FORUM 2014 INVESTOR FORUM
2014 GHANA INVESTOR FORUM Download the Tullow Investor Relations and Media App from the Apple and Android stores: Tullow Oil plc 9 Chiswick Park 566 Chiswick High Road London, W4 5XT United Kingdom Follow Tullow on: Tel: +44…
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