Tullow Oil plc (TUWLF)
OTC PINK OTC PINK Primary Summary
UK's Tullow Oil in refinancing talks, expects 2025 output at lower end of range
West Africa-focused Tullow Oil said on Friday it was in talks with its bondholders, commodity traders and other private sources of funding to refinance its capital, and forecast 2025 production at the lower end of its 40,000 to 45,000 barrels of oil equivalent per day (boepd) range.
UK's Tullow Oil posts annual profit on lower impairments, asset revaluation gains
West Africa-focused independent oil and gas explorer Tullow Oil posted an annual profit on Tuesday, largely helped by a reduction in impairments and asset revaluation gains.
Tullow Oil to sell Gabon assets for $300 million
Tullow Oil has signed an agreement with Gabon Oil Company to sell its entire working interests in Gabon for $300 million in cash, the London-listed company said on Monday, as it looks to reduce its debt burden.
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Tullow Oil plc Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Richard David Miller CEO | OTC PINK Exchange | GB0001500809 ISIN |
| GB Country | 397 Employees | 29 Aug 2019 Last Dividend | 6 Apr 2017 Last Split | - IPO Date |
Overview
Founded in 1985 and headquartered in London, United Kingdom, Tullow Oil plc is a significant player in the oil and gas industry, focusing on exploration, development, and production. With a strategic emphasis on Africa and South America, Tullow Oil has established a robust portfolio that, as of the end of 2021, includes 30 licenses across 8 countries and 30 producing wells. This expansive reach highlights the company’s successful expansion and operational capabilities in significant hydrocarbon-rich regions.
Products and Services
- Oil and Gas Exploration:
- Development Activities:
- Production:
At the core of Tullow Oil's operations lies its oil and gas exploration services. Utilizing cutting-edge technology and extensive geological expertise, the company identifies and assesses potential hydrocarbon deposits. This proactive exploration strategy enables Tullow Oil to continuously expand its portfolio of projects and maintain its status as a leader in discovering valuable resources in high-potential regions.
Following successful exploration efforts, Tullow Oil engages in comprehensive development activities aimed at bringing discovered resources into production. This entails detailed planning, securing necessary permits, and deploying advanced engineering techniques to design and construct the necessary infrastructure for resource extraction. Tullow Oil's commitment to sustainable and responsible development practices ensures the efficient management of assets and minimal environmental impact.
With 30 producing wells as of December 31, 2021, Tullow Oil has established a solid foundation in the production of oil and gas. These operations are a testament to the company's efficiency and effectiveness in managing complex production processes. Through the application of innovative technologies and operational excellence, Tullow Oil ensures the consistent and safe production of oil and gas, contributing significantly to its revenue stream and strategic growth.
Contact Information
