Tullow Oil plc Overview Presentation OUR PORTFOLIO OF ASSETS NEW VENTURES - exploration Extensive acreage in Africa and South America, in EAST AFRICA - development well-known plays Kenya 2020 drilling in Peru and Suriname…
Tullow Oil plc Overview Presentation PRUDENT FINANCIAL MANAGEMENT /bbl m Unit Opex Net G&A 20 250 200 15 150 10 100 5 50 0 0 2015 2016 2017 2018 2019f 2015 2016 2017 2018 2019f m Financing costs 2020 Hedging…
Tullow Oil plc Overview Presentation MAINTAINING A DIVERSIFIED CAPITAL STRUCTURE Capital structure Year-end 2019 debt position A balance of funding sources Net debt 2.8bn Revolving RBL provides long-term flexibility Gearing 2.0x…
Tullow Oil plc Overview Presentation DISCIPLINED CAPITAL INVESTMENT IN OUR BUSINESS MAXIMISING GROWTH FROM FINDING PRODUCTION DISCOVERED RESOURCES NEW OIL FY 200m 60m 65m 30m 135m 490m 2019 Ghana Non-op Kenya Uganda…
Tullow Oil plc Overview Presentation SOLID PRODUCTION BASE FROM AFRICAN ASSETS West Africa oil production Confidence in underlying production business 2020 guidance: 70,000 - 80,000 bopd Assets continue to deliver free cash flow…
Tullow Oil plc Overview Presentation GHANA PRODUCTION OPERATIONS 2019 performance Jubilee: Performance impacted by topside issues and gas export constraints TEN: Production impacted by well completion challenges and well decline…
Tullow Oil plc Overview Presentation UGANDA DEVELOPMENT PROJECT AT AN ADVANCED STAGE 1.7bbo 230,000 Gross 2C bopd gross resource production PROJECT UPDATE Major technical aspects completed: FEED studies Tilenga ESIA…
Tullow Oil plc Overview Presentation PROJECT OIL KENYA STEPS TO FID PROJECT UPDATE Foundation Phase Significant progress made in 2019: 210 mmbo 60-80,000 Gross 2C bopd gross EOPS - Trucking operation 2,000 bopd, first export in…
Tullow Oil plc Overview Presentation FINDING NEW OIL EXECUTING OUR EXPLORATION PROGRAMME 2019 2020 2021 GUYANA Analysing data PERU 2020 drilling SURINAME CTE DIVOIRE Focus on seismic COMOROS ARGENTINA New entries…
Tullow Oil plc Overview Presentation 2019 GUYANA WELL RESULTS JETHRO & JOE RESULTS 55m & 14m net pay oil discoveries 11-12API (heavy oil) 4-5% sulphur CARAPA RESULT 4m* net pay oil discovery 27API (good quality oil)…
Tullow Oil plc Overview Presentation EXPLORATION DRILLING CONFIRMED FOR 2020 PROGRAMME Suriname: Trigger well with significant follow-on potential MARINA 350m 1H 2020 Goliathberg-Voltzberg North prospect water depth drilling…
Tullow Oil plc Overview Presentation BUILDING NEW ACREAGE ACROSS EXPLORATION PORTFOLIO Argentina: Successful bid-round Entry to three offshore blocks in Malvinas West Basin Shallow water Tertiary and Cretaceous turbidite plays…
Tullow Oil plc Overview Presentation SPOTLIGHT ON CTE DIVOIRE 1.5 BBO Low-cost Using both Carried work High-value Light footprint Gross mean un-risked exploration in proven & programme; barrels & low execution across resources…
Tullow Oil plc Overview Presentation SPOTLIGHT ON COMOROS 7 BBO 17 Leads 16,063 sq km 35% equity Large, operated, offshore oil play in East Africa Simple drilling and attractive fiscal terms Managed cost exposure in frontier…
Tullow Oil plc Overview Presentation Tullow Oil plc 9 Chiswick Park 566 Chiswick High Road London, W4 5XT Follow Tullow on: United Kingdom Tel: +44 (0)20 3249 9000 Fax: +44 (0)20 3249 8801 Email: irtullowoil.com Web:…
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