Credit Suisse Global Energy Conference 2015 Tullow Oil plc AFRICAS LEADING INDEPENDENT OIL COMPANY Angus McCoss Exploration Director Credit Suisse Global Energy Conference 2nd June 2015
Credit Suisse Global Energy Conference 2015 Business reset for current market conditions Strong production and development business Reduced exploration budget focusing on low cost plays and long term options Reducing costs and…
Credit Suisse Global Energy Conference 2015 2015 Capex guidance 2015 capex of 1.9bn Ghana: Jubilee & TEN developments - 1,300m 2015 200m 1,700m 1,900m Other Africa: maintaining mature production and near field drilling activities -…
Credit Suisse Global Energy Conference 2015 Debt Capital Structure Debt maturity profile Key metrics m Commitment size Maturity m 31 Dec 2014 24 Apr 2015 RBL 3,700 Oct 2019 Cash and cash equivalents 319 632 Corporate Facility…
Credit Suisse Global Energy Conference 2015 West Africa: stable production and future growth 71,300 63,400 580 7 Countries 26 Licences 29 Years experience Sq km bopd mmboe acreage 2014 production Reserves & Resources 120…
Credit Suisse Global Energy Conference 2015 Ghana: at the heart of Tullow Strong 2015 Jubilee production and cost Tullows production in Ghana 80 performance 70 Jubilee exceeded average production guidance in Q1 60 2015 at 103,000…
Credit Suisse Global Energy Conference 2015 Progressing East Africa regional development 85,000 2.3 Bbo 1 to 5 Bbo 3 Countries 10 Licences 10+ Years experience Sq Km Gross recoverable Risked yet to find acreage resources…
Credit Suisse Global Energy Conference 2015 Low-cost exploration options Caribbean-Guyanas Norway Atlantic Margin Plays Atlantic Margin Plays 1. Licence activity 1. Licence activity - Prospecting & - Johan Sverdrup charge farming…
Credit Suisse Global Energy Conference 2015 Exploration remains at the heart of the business 18 320,000 sq km 200m Countries with 2015 exploration expl activities Expl acreage capex Ambitious campaigns in Kenya, Norway and…
Credit Suisse Global Energy Conference 2015 Outlook remains strong during period of low oil price High margin production Stable Jubilee performance, with further upside delivers significant cash flow TEN production on track for first…
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