Tullow Oil PLC (TLW)

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Company Description

Tullow Oil PLC was incorporated on 4 February 2000 and domiciled in the United Kingdom under the Companies Act 2006. The Company is an independent oil and gas, exploration and production group. The Company is engaged in finding oil in Africa and the Atlantic Margins, combined with selective development and high-margin production to fund its exploration-led strategy. Its portfolio of 150 licences spans 24 countries and is organised into three regions. The West & North Africa region contributes to production, providing valuable cash flow to fund the Company's exploration and development activity. Its area remains prospective, with exploration campaigns ongoing in the region. The Company considers its South and East Africa region to have potential for exploration. The Company has made seven consecutive discoveries in the South Lokichar basin in Kenya and is considering development options for discovered resources in both Uganda and Kenya. The Company's s Europe, South America & Asia region consists of some of the Company's mature producing assets and areas of frontier exploration. In 2013, the Company announced the sale of its mature Asia gas businesses to allow it to focus on exploring for light oil...