Company report
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16 Pages

Tullow Oil corporate report

Tullow Oil corporate report

Report summary

With first production from TEN in August 2016, Tullow Oil has emerged from an intensive development phase. Achieving this milestone will allow Tullow's near-term focus to turn to debt reduction. Longer-term investment priorities are unclear. We expect the company to make further progress in resetting its strategy: balancing future investment across development assets in East Africa with a return to high-impact exploration and the reinstatement of the dividend.

What's included?

This report includes 2 file(s)

  • Tullow Oil corporate report PDF - 466.27 KB 16 Pages, 8 Tables, 14 Figures
  • Tullow Corporate Report.xls XLS - 3.11 MB


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
    • SWOT analysis
    • Strategic objectives
  • Valuation
  • Financial health
    • Financial health overview
    • Liquidity position
    • Options to free up capital
  • Resources, reserves and production
    • Production overview
    • Resources and reserves overview
  • Exploration
  • Portfolio summary
  • Economic assumptions
    • Economic assumptions

In this report there are 22 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Valuation
    • Market premium/discount price sensitivity
    • Benchmarking: share price performance
  • Financial health
    • Cash flow breakevens evolution
    • Year-end net debt outlook
    • Net debt outlook scenarios
    • Capital spend outlook
  • Resources, reserves and production
    • Tullow Oil reported and forecasted production (WI basis)
    • Benchmarking: production CAGRs
    • Benchmarking: reserves and resources detail
    • Benchmarking: reserves and resources life
  • Exploration
    • Tullow Oil value creation (2005 to 2014)
    • Benchmarking: top 10 International IOCs by WM reserve replacement rate (2005 to 2014)
    • Exploration portfolio
  • Portfolio summary
    • Key assets
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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