Tullow Oil

Tullow Oil

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Tullow Oil

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Description:
Tullow Oil plc () is a global oil and gas exploration company headquartered in London, United Kingdom. It has interests in over 85 licences across 23 countries and in 2010 produced 58,100 barrels of oil equivalent per day. Its largest activities are in Africa, where it has discovered new oil provinces in Ghana and Uganda, produces oil and gas in six countries and has exploration projects in 13 countries.

Its primary listing is on the London Stock Exchange and it is a constituent of the FTSE 100 Index. It has a secondary listing on the Irish Stock Exchange.

History

The Company was founded by Aidan Heavey in 1985 in the Republic of Ireland as a gas exploration business operating in Senegal.

"It started in a small town called Tullow, about 35 miles south of Dublin, Ireland. In the 80s there were loads of companies starting off in the North Sea and Irish Celtic Sea. I was talking to a friend of mine in the bank one day and he was talking about small oil fields in Africa, which had been left behind by the majors and had no-one to work them. That is where the idea came from. I contacted another friend of mine in the World Bank who told me about a project in Senegal. They had some small gas fields that they were trying to get......
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