Tullow Oil plc TUWLF

Company Overview

Tullow Oil plc is an independent upstream oil and gas company primarily engaged in the exploration and production of crude oil, with a strategic focus on Africa. The company operates within the energy and oil & gas exploration and production (E&P) industries, generating revenue predominantly from the sale of produced crude oil under long-term offtake arrangements and spot market sales. Its core assets are mature, producing offshore fields, which provide the majority of cash flow and underpin its operating model.

The company was founded in 1985 by Aidan Heavey and initially focused on exploration in Europe before pivoting toward Africa in the early 2000s. Tullow gained international prominence following major oil discoveries offshore Ghana in the Jubilee Field in 2007. Over time, the company expanded across East and West Africa, later reshaping its portfolio through asset divestments and restructuring to strengthen its balance sheet and concentrate on core producing assets.