Download the CR Report PDF (1.90MB) - Tullow Oil plc

More documents

Recommendations

Info

Our values To respect the countries in which we operate To contribute to and support local communities To care for the environment To empower and support the individual To value and foster long-term relationships To be transparent in our activities and reporting Waraga area, Uganda
1 About us Tullow Oil plc is one of the largest independent oil and gas exploration companies in Europe. The Group has 120 licences in 22 countries, with operations in Europe (primarily in the United Kingdom), Africa and South Asia. In January 2007, Tullow completed the £595 million acquisition of Hardman Resources Limited, which materially enhances the Group’s operations in Mauritania and Uganda and adds high-impact exploration licences in South America. Key E–Exploration D–Development P–Production Tullow is headquartered in London and employs over 250 people worldwide. The Group’s shares are listed on the London and Irish Stock Exchanges and Tullow is a constituent of the FTSE250 index. Tullow had an excellent year in 2006. Record operational and financial results were achieved in a favourable oil and gas pricing environment, and each core area continued to deliver strong performances. Sales revenue increased by 30% to £578.8 million and profit before tax was up 47% to £263.3 million. This growth was driven by strong increases in European gas production against a background of stable African oil production, and sales prices which were on average 29% ahead of 2005. The Group achieved average production of 64,720 barrels of oil equivalent per day (boepd) and 89% organic reserves replacement. Total reserves and resources increased by 149 millions of barrels of oil equivalent (mmboe) to 506 mmboe. Current production is over 76,000 boepd, and during 2007 the focus is on continuing to increase production to a targeted level of 85,000 boepd by the end of the year and drilling over 30 wells, including major multi-well campaigns in Uganda, Namibia and India. For more detailed information on our financial performance and operations please visit our website. www.tullowoil.com 22 21 Feedback We welcome any feedback you have. Please provide your comments to: 20 Graham Brunton Head of EHS Tullow Oil plc 3rd Floor Building 11 Chiswick Park 566 Chiswick High Road London W4 5YS Tel: +44 20 8996 1000 Fax: +44 20 8994 5332
Page 1: Tullow Oil plc Corporate and Social
Page 5 and 6: Welcome to our Corporate and Social
Page 7 and 8: Aidan Heavey in Kaiso-Tonya, Uganda
Page 9 and 10: About Tullow in Uganda Post the Har
Page 11 and 12: Audit Committee Remuneration Commit
Page 13 and 14: 2006 CSR expenditure US$1.5 million
Page 15 and 16: Community Our goal is to conduct al
Page 17 and 18: Our EHS team 1 2 3 4 5 6 7 3. Paul
Page 19 and 20: Turtles in Chachar Tullow’s EHS P
Page 21 and 22: 2006 hours worked by country by ons
Page 23 and 24: Lost Time Incidents (LTI) 2006 5 20
Page 25 and 26: The Environment Our focus is on pro
Page 27 and 28: Produced water - Quantity (m 3 ) 20
Page 29 and 30: Water usage (m 3 ) 2006 18,678 2006
Page 31 and 32: Art competition The Children’s ar
Page 33 and 34: ConocoPhillips-operated Murdoch pla
Page 35 and 36: India Tullow Oil plc Corporate and
Page 37 and 38: Flexible working arrangements A fle
Page 39 and 40: 1 and 6 Great Gorilla Run. 2 Breakt
Page 41 and 42: Bangora, Bangladesh Tullow Oil plc
Page 43 and 44: Bangladesh educational project Tull
Page 45 and 46: An integrated approach CSR and EHS
Page 47 and 48: 2006 Social data South Côte UK Ire
Page 49 and 50: Other information Annual report Pub

Download the CR Report PDF (1.90MB) - Tullow Oil plc

Create successful ePaper yourself

Delete template?

Save as template?