Annual Report PDF (8.0MB) - Tullow Oil plc

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Driller working on the Kingfisher-3A well, Uganda.Entrepreneurial spiritUnique characteristics that deliver superior performanceTullow has an entrepreneurial leadership team who havedemonstrated a flexible and creative approach to buildinga strong business and portfolio of assets.A flat organisation and integrated decision-making allowsthe Group to anticipate and respond quickly to businessissues or opportunities as they arise.A balanced mix of professional management and industryexperts, with a diverse blend of skills and disciplines, givesTullow the depth and strength to deliver an excellent operationalperformance and strong execution on major projects.An appetite for managed risk, active portfolio managementand a strong balance sheet ensures that the Group canexecute its ambitious growth plans. These plans are builton solid foundations and strong relationships with partners,governments, employees, contractors, operators and localcommunities, developed over many years.12 Tullow Oil plc 2008 Annual Report and Accounts
Record growthIt has been a successful five years:the Energy Africa acquisition in 2004;followed by the discovery of a majoroil province in Uganda; quicklyconsolidated through the acquisitionof Hardman Resources; world-classdiscoveries in Ghana; and exceptionalexploration success in 2008.Building our teamWe continually invest in our team andincrease the capability of the businessso that we are always prepared to moveto the next level. In 2008,170 peoplejoined Tullow in readiness to take onfurther operational challenges thatwill continue to deliver significantshareholder value.2010 and beyondWhile first oil is targeted from Jubileein 2010 and development plans forUganda are well under way, the Groupis also continuing to high-grade itsexploration portfolio focusing onthe most prospective plays forhigh-impact drilling campaignsin 2010 and beyond.Tullow Oil plc 2008 Annual Report and Accounts 13
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Annual Report PDF (8.0MB) - Tullow Oil plc

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