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Download Presentation slides PDF - Tullow Oil plc

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<strong>Tullow</strong> Net MMboeIRR2013 HALF-YEARLY RESULTSExploration delivers volumes & value700600Jobi East-1,Gunya-AJobi-3/4/530%25%Low volume,high valueLeadingIndependentsHigh volume,high value500Nigiri-220%40015%300Jobi-1, Rii-1Enyenra-2A, 3AZaedyus-12001000Kenya2013Mahogany-1,Hyedua-1Mahogany-2 & 3Tweneboa-1, 2Owo-1East AfricaAtlantic Margins2007 2008 2009 2010 2011 201210%5%MajorsLow volume,low valueGas giantsHigh volume,low value0%10% 100% 1000%New volumes/production200 Mmboe average annual resource additions Highly competitive returns from explorationUganda at original equities, no uplift from Heritage acquisitionSource: Wood Mackenzie Exploration Service Corporate Benchmarking Report, October 2012.Slide 23

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