Download the CR Report PDF (1.90MB) - Tullow Oil plc
Download the CR Report PDF (1.90MB) - Tullow Oil plc
Download the CR Report PDF (1.90MB) - Tullow Oil plc
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About <strong>Tullow</strong> in Uganda<br />
Post <strong>the</strong> Hardman Resources acquisition<br />
in 2006, <strong>Tullow</strong> has a 100% operated<br />
interest in Block 2 in <strong>the</strong> Lake Albert<br />
Rift Basin, and is <strong>the</strong> largest acreage<br />
holder in <strong>the</strong> area. Four oil discoveries<br />
were made in <strong>the</strong> Kaiso-Tonya region<br />
of <strong>the</strong> block during 2006, proving up a<br />
working hydrocarbon system in <strong>the</strong><br />
basin with good quality oil from highly<br />
productive reservoirs.<br />
Substantial upside potential has also<br />
been identified in <strong>the</strong> block in <strong>the</strong> Kaiso-<br />
Tonya area, <strong>the</strong> Butiaba area to <strong>the</strong> north<br />
and beneath Lake Albert, where <strong>the</strong><br />
larger prospects are located.<br />
Block 2 is also likely to be <strong>the</strong> hub of any<br />
future development due to <strong>the</strong> relatively<br />
easy access to <strong>the</strong> lake shore, <strong>the</strong> level<br />
terrain for operations and <strong>the</strong> logical<br />
oil export route to <strong>the</strong> coast.<br />
In 2007, <strong>Tullow</strong> will undertake a<br />
programme of 2D and 3D seismic<br />
acquisition and fur<strong>the</strong>r drilling across<br />
<strong>the</strong> basin to prove up <strong>the</strong> reserves.<br />
In addition, <strong>Tullow</strong> plans to sanction<br />
<strong>the</strong> development of an Early Production<br />
System in 2007, with a view to producing<br />
first oil in 2009.<br />
<strong>Tullow</strong> <strong>Oil</strong> <strong>plc</strong> Corporate and Social Responsibility <strong>Report</strong> 2006 5