2012 Annual General Meeting Tullow Oil plc ANNUAL GENERAL MEETING 16 May 2012
2012 Annual General Meeting Positioned to deliver next phase of growth Record financial results Jubilee drives up production Uganda farm-down transforms the balance sheet Exploration opens two major new basins in French Guiana…
2012 Annual General Meeting Tullow Oil plc 2012 Annual General Meeting Introduction
2012 Annual General Meeting Tullows global footprint 7 countries 47 licences 57,793 sq km acreage 20,800 boepd 120.8 mmboe 6 countries 9 countries 18 licences 42 licences 151,677 sq km 66,425 sq km acreage acreage…
2012 Annual General Meeting 2011 full year results summary 2011 2010 Change Sales revenue (m) 2,304 1,090 +111% Operating profit (m) 1,132 262 +332% Net profit (m) 689 90 +670% Basic earnings per share (cents) 72.5 8.1 +795%…
2012 Annual General Meeting Capital expenditure of 2 billion forecast for 2012 1,990m for 2012 Ghana: Jubilee remediation and phase 1A & 2012 700m 300m 990m 1,990m TEN developments Uganda: Lake Albert Other Africa: WATM, Kenya…
2012 Annual General Meeting 74% global E&A success ratio in 2011 NETHERLANDS 1 well 67% success rate in 2012 YTD UK 2 wells Seismic Key 74% success rate in 2011 Acquisition Cameron (44/19b-7) Foxtrot (49/30b-10) 1,660 sq km 3D PSDM…
2012 Annual General Meeting Strong production growth in 2011 Group working interest production North Sea Current production Oil production boepd (x000) 100 20 Future production Africa Ghana Asia Europe 16 Other licence areas Gas…
2012 Annual General Meeting West & North Africa Strong production growth and high impact exploration West & North Africa (WNA) 57,400 boepd production 675.8 mmboe total reserves and resources 1,944 million sales revenue 768…
2012 Annual General Meeting Ghana high levels of activity continue Development and Production Jubilee production drives record results 2012 production to average of 70 - 90,000 bopd Phase 1A development commenced in Feb 2012 E&A…
2012 Annual General Meeting South & East Africa Significant milestones reached & new South & East basins opened Africa (SEA) 964 mmboe total reserves and resources 418 million investment in 2011 8 successful E&A wells Multiple…
2012 Annual General Meeting Significant acreage position in East Africa East African Rift Basins Uganda -Lake Albert Rift Basin 1.1 billion barrels oil discovered Accelerated appraisal in support of basin development Kenya…
2012 Annual General Meeting Europe, South America & Asia Europe, South America Opening of a major new basin & Asia (ESAA) 2 1 & valuable cash flow 1 Netherlands EDP 2 United Kingdom EDP 3 French Guiana E 20,800 boepd production 4…
2012 Annual General Meeting Transatlantic nature of Jubilee play proven Success in West Africa leads to testing of Jubilee play across the Atlantic Zaedyus-1 makes significant discovery in French Guiana proving the Atlantic twin…
2012 Annual General Meeting Tullow Oil plc 2012 Annual General Meeting Corporate Responsibility
2012 Annual General Meeting How we do business Financial performance People Governance CREATING Stakeholder SHARED Sustainable supply chain engagement PROSPERITY Local content Environment, health & safety Social…
2012 Annual General Meeting Social Enterprise Investments Building capacity for the oil & gas industry and associated sectors Encouraging economic diversification to avoid overreliance on oil & gas Contributing to a positive…
2012 Annual General Meeting Employing local people Local employees Local nationals 80% Expatriates 20% Five-year growth in employees 1400 1200 1000 800 600 400 200 0 2007 2008 2009 2010 2011 Slide 20
2012 Annual General Meeting Contributing to national skills base Tullow Scholarship Scheme Ghana, 2011 Group Well Engineering Manager with Trainee from the Well Engineering Development Programme Tullow Uganda staff at…
2012 Annual General Meeting Supporting local business Direct contribution to a countrys prosperity Meetings and events to build pathways to enter our supply chain Closing the Gap sessions to bring up standards 2bn forecast capital…
2012 Annual General Meeting Tullow Oil plc 2012 Annual General Meeting Conclusions
2012 Annual General Meeting Financially strong and opportunity rich Jubilee production delivers record financial results Uganda farmdown transforms the balance sheet Exploration opens fourth major new basin Material new acreage…
2012 Annual General Meeting Tullow Oil plc 2012 Annual General Meeting Questions and Answers
2012 Annual General Meeting Tullow Oil plc 9 Chiswick Park 566 Chiswick High Road London, W4 5XT United Kingdom Tel: +44 (0)20 3249 9000 Follow Tullow on: Fax: +44 (0)20 3249 8801 Email: chris.perrytullowoil.com
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