Tullow Oil PLC 2022 AR2
The report highlights Tullow Oil plc's strong operational and financial performance in 2022, delivering a free cash flow of $267 million and reducing its net debt to $1.9 billion. The company successfully transitioned to self-operating the Jubilee FPSO in Ghana, which resulted in increased uptime and a 30% reduction in operating costs in the second half of the year. In terms of sustainability, Tullow progressed its Net Zero roadmap by advancing flaring elimination plans and signing a Letter of Intent with the Ghana Forestry Commission for a nature-based carbon offset project. Additionally, the company supported over 9,000 students through various educational initiatives and spent $173 million with local suppliers.
Company: Tullow Oil PLC
Sector: Energy
Country: United Kingdom
Year: 2022
Type: AR2
Pages: 180
Tullow Oil PLC
Annual Report And Accounts
The report highlights Tullow Oil plc's strong operational and financial performance in 2022, delivering a free cash flow of $267 million and reducing its net debt to $1.9 billion. The company successfully transitioned to self-operating the Jubilee FPSO in Ghana, which resulted in increased uptime and a 30% reduction in operating costs in the second half of the year. In terms of sustainability, Tullow progressed its Net Zero roadmap by advancing flaring elimination plans and signing a Letter of Intent with the Ghana Forestry Commission for a nature-based carbon offset project. Additionally, the company supported over 9,000 students through various educational initiatives and spent $173 million with local suppliers.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees