Tullow Oil PLC 2023 AR2
The report highlights Tullow Oil plc's strategic and financial progress in 2023, marking an inflection point with the start-up of the Jubilee South East project in Ghana, which increased field production to approximately 100,000 bopd. The company generated $170 million in free cash flow, reduced net debt to $1.6 billion, and secured a new $400 million notes facility with Glencore. In sustainability, Tullow progressed its Net Zero by 2030 strategy by completing process modifications to eliminate routine flaring by 2025 and advancing a nature-based carbon offset project in Ghana. Additionally, the company achieved a strong safety record with a 0.2 Total Recordable Injury Frequency and zero Tier 1 process safety incidents.
Company: Tullow Oil PLC
Sector: Energy
Country: United Kingdom
Year: 2023
Type: AR2
Pages: 196
Tullow Oil PLC
Annual Report And Accounts
The report highlights Tullow Oil plc's strategic and financial progress in 2023, marking an inflection point with the start-up of the Jubilee South East project in Ghana, which increased field production to approximately 100,000 bopd. The company generated $170 million in free cash flow, reduced net debt to $1.6 billion, and secured a new $400 million notes facility with Glencore. In sustainability, Tullow progressed its Net Zero by 2030 strategy by completing process modifications to eliminate routine flaring by 2025 and advancing a nature-based carbon offset project in Ghana. Additionally, the company achieved a strong safety record with a 0.2 Total Recordable Injury Frequency and zero Tier 1 process safety incidents.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
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