preview

Executive Summary : Tullow Oil Plc

Better Essays

1. Executive Summary

Tullow Oil plc is an independent oil and gas, exploration and production group founded by Aiden Heavey in 1985 in Tullow, Ireland with headquarters in London, United Kingdom, having portfolio of 150 licenses across 24 countries spanning Europe, Africa, South Asia and South America, it has working force of over 2000 people, half of which are working in African operations. The group try to maintain its public image and do its share to help the communities it’s involved in through social investment programme. Its shares are listed on the London, Irish and Ghana Stock Exchanges and the group is a constituent of the FTSE 100 index. It had market capitalisation of approximately £6.62 billion as of 03 September 2014 (stockchallenge.co.uk), in the top 100 of the largest members of the FTSE All Share Index on London Stock Exchange. It has a major project called the Tweneboa-Enyenra-Ntomme (TEN) on its way for first oil exploration in mid-2016 which the group expect to increase its production up to 85000 barrels of oil per day (bopd), as the group operates in such a volatile and dynamic environment that most of future expectation and probabilities of performing well marks a question from investor’s point of view, also the consumers and economy demands fluctuates on daily basis which may make it harder for the group to react rapidly towards these changes and keep the group floating with in industry.

2. Introduction
This report is based on Analysis of

Get Access