Rahul Dhir, Chief Executive Officer and Les Wood, Chief Financial Officer, will provide an introduction to Tullow Oil and an update on company performance following the full year results which are published on 10th March.
Tullow Oil is a well-established and recognised oil explorer and producer, operating across Africa and South America.
The company focus is on finding and monetising oil in Africa and South America. Their key activities include targeted exploration and appraisal, selective development projects and growing our low-cost production. The company has a prudent financial strategy with diverse sources of funding.
Tullow’s strategy of a balanced E&P business is unchanged. Through controlled investment in their assets and continuous portfolio review to right size equities and realise value, they look to generate attractive free cash flow.
They operate a disciplined approach to exploration to find new oil and to monetise at discovery or through selective development to replace reserves and sustain future production. This is driven by safe delivery of robust production, which is the cash engine of the business.