Where is Tullow Oil located?

London
Tullow Oil plc is a multinational oil and gas exploration company founded in Tullow, Ireland with its headquarters in London, United Kingdom. Tullow has a primary listing on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Is Tullow still operating in Uganda?

Farm down of equity in Uganda In January 2017, Tullow announced that it had agreed a substantial farm-down of its assets in Uganda to Total. In August 2019, Tullow announced that this farm-down was terminated, following the expiry of the Sale and Purchase Agreements (SPAs).

Who is the owner of Tullow Oil?

Rahul Dhir (1 Jul 2020–)
Tullow Oil/CEO

What does cnooc Uganda do?

CNOOC International is one of the largest oil and gas companies in Uganda’s energy sector and owns one-third interests in each of Exploration Areas (EA) EA1/1A, EA2 and Kingfisher. Our partners are Total E&P Uganda (33.3%) and Tullow Oil (33.3%). CNOOC International operates the Kingfisher production license.

When was Tullow Oil established?

1985
Tullow Oil/Founded

What is the meaning of Tullow?

The Mound
Tullow (/ˈtʊloʊ/; Irish: An Tulach, meaning ‘The Mound’, formerly Tulach Ó bhFéidhlim/ Tullowphelim) is a market town in County Carlow, Ireland. It is located on the River Slaney where the N81 road intersects with the R725.

Why did Tullow leave Uganda?

Analysts in the oil industry say turbulence in the global oil market, which hit the company’s finances so much that the production performance for some of Tullow’s major assets in Ghana was deemed “significantly below expectation” by the company’s top executives, also fueled the decision.

How much oil is in Uganda?

Western Uganda has approximately 6.5 billion barrels of oil reserves, with at least 1.4 billion estimated to be economically recoverable.

What happened Tullow Oil?

Tullow shares plunge Shares in Tullow Oil have more than halved after the company announced a boardroom shake-up, scrapped its dividend, and cut its production forecasts. As reported earlier, chief executive Paul McDade and exploration director Angus McCoss are stepping down immediately.

Who owns Shell Uganda?

Royal Dutch Shell
Shell Uganda Ltd./Parent organizations

How many petrol stations are there in Uganda?

According to available data from the Ministry of Energy and Mineral Development, by September, there were 1,047 licensed petroleum retail outlets operating in Uganda. In addition, it is estimated that there are more than 2,000 other unlicensed fuel stations operating in the country.

Why is Tullow Oil share price falling?

Then the pandemic created significant disruption for the entire oil industry and triggered a sharp decline in oil prices. Combining that with the heavy oil discovery resulted in the Tullow Oil share price plummeting by 95% between October 2019 and March 2020 – the largest drop in over two decades.

When did Tullow Oil sell its assets in Uganda?

The transaction was for a total consideration of $2.9bn and effectively unitised the basin equally between all three parties ahead the basin development. In January 2017, Tullow announced that it had agreed a substantial farm-down of its assets in Uganda to Total.

How to contact Tullow Oil Ghana Country Manager?

If you are applying for Access to Information please email or send your request to the Country Manager, Tullow Kenya using the above details. View map PDF map. Tullow Ghana. Plot No.70. George Walker Bush Highway. North Dzorwulu. Accra. Ghana. Phone: +233 (0) 302 742 200.

What kind of business does Tullow Oil do?

Our business works across all stages of the oil life cycle from exploration to production. Our focus is on delivering value for all three stakeholder groups our investors, our host countries and our people.

When did Tullow Oil buy out CNOOC and total?

A series of transactions took place in 2010-2012 whereby Tullow acquired 100% of the three licences before farming down a third of the equity to both CNOOC and Total. The transaction was for a total consideration of $2.9bn and effectively unitised the basin equally between all three parties ahead the basin development.