Tullow Oil PLC 2020 AR2
The report outlines Tullow Oil plc's performance and strategic transition during 2020, focusing on safe, low-cost, and environmentally responsible oil and gas production. Key highlights include the completion of the $575 million Uganda asset sale, which helped reduce net debt to $2.4 billion, and the restructuring of the organization to deliver $125 million in annual cash savings. The company committed to achieving Net Zero Scope 1 and 2 emissions by 2030, with plans to eliminate routine flaring in Ghana by 2025. Despite operational challenges and increased flaring in 2020, Tullow contracted a multi-well drilling program in Ghana to restore and sustain long-term production.
Company: Tullow Oil PLC
Sector: Energy
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 158
Tullow Oil PLC
Annual Report And Accounts
The report outlines Tullow Oil plc's performance and strategic transition during 2020, focusing on safe, low-cost, and environmentally responsible oil and gas production. Key highlights include the completion of the $575 million Uganda asset sale, which helped reduce net debt to $2.4 billion, and the restructuring of the organization to deliver $125 million in annual cash savings. The company committed to achieving Net Zero Scope 1 and 2 emissions by 2030, with plans to eliminate routine flaring in Ghana by 2025. Despite operational challenges and increased flaring in 2020, Tullow contracted a multi-well drilling program in Ghana to restore and sustain long-term production.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Women on Board
Women in Management
Net Zero Target
Employees