2013 Annual General Meeting Tullow Oil plc ANNUAL GENERAL MEETING 8 May 2013
2013 Annual General Meeting Tullow Oil plc Business Overview Aidan Heavey 8 May 2013
2013 Annual General Meeting Substantially strengthened the business in 2012 Basin-opening exploration success in Kenya Five new country entries (4 x Atlantic Margin, 1 x East Africa) Successful and cost-effective remediation of…
2013 Annual General Meeting 2012 financial summary 2012 2011 Change Sales revenue 2,344m 2,304m +2% Operating profit 1,185m 1,132m +5% Profit after tax 666m 689m -3% Basic earnings per share 68.8c 72.5c -5% Full year dividend…
2013 Annual General Meeting Reserves and Resources Group Reserves and Resources Reserves and Resources 1,203 mmboe 2,000 Commercial Reserves - 388 mmboe 1,800 1,600 - TEN transferred to Reserves - 112 mmbo 1,400 Contingent…
2013 Annual General Meeting Tullows exploration-led strategy Additional cash flow from new production 4bn debt facilities Exploration and High Margin Monetisation Production Appraisal Options & Selective Cash flow 1bn +…
2013 Annual General Meeting Exploration strategy is focused on Africa & Atlantic Margins Norwegian North Atlantic Continental Shelf Exploration & Business Development Central Atlantic Central Atlantic Major Exploration Margin…
2013 Annual General Meeting Capital expenditure for 2013 2,000m for full year 2013 2013 800m 270m 580m 350 Ghana: Jubilee phase 1A & TEN development 2,000m Uganda: Continuing appraisal and development Other Africa: Maintaining…
2013 Annual General Meeting West & North Africa Strong production & high-impact West & North Africa (WNA) exploration & development 57,850 boepd production - Exceptional performance from Jubilee - Jubilee well issues resolved 647…
2013 Annual General Meeting South & East Africa South & East Significant milestones reached & new Africa (SEA) basin opened 441.6 mmboe total reserves and resources (post-Uganda sale) 433 million investment in 2012 - E&A in…
2013 Annual General Meeting Europe, South America & Asia 2 Europe, South New ventures & asset sales America & Asia (ESAA) 21, 350 boepd production 1 On-going French Guiana exploration campaign 4 3 7 2 6 - Limited success…
2013 Annual General Meeting Tullow Oil plc 2013 Annual General Meeting Corporate Responsibility
2013 Annual General Meeting How we do business We manage our business in a responsible Creating Shared Prosperity way to maximise sustainable development opportunities for host nations. We are committed to ensuring long-term…
2013 Annual General Meeting Open, transparent disclosure We are committed to transparent disclosure of payments to governments and other stakeholders in the countries in which we operate Revenue transparency and disclosure…
2013 Annual General Meeting Tullow Oil plc 2013 Annual General Meeting Conclusions
2013 Annual General Meeting Conclusions Strong production base to fund industry-leading exploration Major developments making good progress securing revenue over the medium-term Strong and well-balanced financial position Major…
2013 Annual General Meeting Tullow Oil plc 2013 Annual General Meeting Questions and Answers
2013 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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