Last €6.32 EUR
Change Today -0.10 / -1.56%
Volume 151.0
TQW On Other Exchanges
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As of 11:36 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

tullow oil plc (TQW) Snapshot

Open
€6.43
Previous Close
€6.42
Day High
€6.65
Day Low
€6.22
52 Week High
10/25/13 - €11.51
52 Week Low
10/17/14 - €5.91
Market Cap
5.8B
Average Volume 10 Days
553.7
EPS TTM
--
Shares Outstanding
910.6M
EX-Date
08/27/14
P/E TM
--
Dividend
€12.86
Dividend Yield
2.58%
Current Stock Chart for TULLOW OIL PLC (TQW)

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tullow oil plc (TQW) Details

Tullow Oil plc, an independent oil and gas company, explores for, develops, produces, and sells hydrocarbons. The company operates through West and North Africa; South and East Africa; and Europe, South America and Asia segments. Its properties include the Jubilee field, West Cape Three Points licences, Tweneboa-Enyenra-Ntomme, Mahogany, Teak, and Akasa fields in Ghana; Lake Albert Rift Basin in Uganda; Chinguetti field in Mauritania; Tchatamba, Limande, and Etame Complex fields in Gabon; Ceiba and Okume fields in Equatorial Guinea; Espoir field Côte d’Ivoire; and various blocks in Liberia and Sierra Leone. As of December 31, 2013, the company had commercial reserves and contingent resources of 1,409 million barrels of oil equivalent. Tullow Oil plc was founded in 1985 and is headquartered in London, the United Kingdom.

2,034 Employees
Last Reported Date: 03/25/14
Founded in 1985

tullow oil plc (TQW) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: 2.5M GBP
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 1.5M GBP
Chief Operating Officer, General Manager of T...
Total Annual Compensation: 1.4M GBP
Company Secretary, Executive Director and Cha...
Total Annual Compensation: 1.4M GBP
Exploration Director and Executive Director
Total Annual Compensation: 1.4M GBP
Compensation as of Fiscal Year 2013.

tullow oil plc (TQW) Key Developments

Tullow Oil plc Announces Results of Series of Recent Exploration and Appraisal Activities Conducted in Blocks 10BB and 13T Onshore Kenya

Tullow Oil plc announced the results of a series of recent exploration and appraisal activities conducted in Blocks 10BB and 13T onshore Kenya. The Kodos-1 exploration wildcat in Block 10BB is the first well drilled in the Kerio Basin, northeast of the successful South Lokichar Basin. Hydrocarbon shows were encountered in Kodos-1 which indicates the presence of an active petroleum system. However reservoirs were mixed quality alluvial sands close to the basin boundary fault at this well location. The Weatherford Rig-804 drilled Kodos-1 to a final depth of 2,500 metres and the well will be plugged and abandoned. The rig will now be moved to drill the second well in the basin at Epir-1, 25 km north of Kodos-1 in a separate sub-basin. Following up on the encouraging hydrocarbon shows at Kodos-1, further drilling in the greater Kerio Basin can be expected during 2015. The Ekosowan-1 well in block 10BB is the most southerly well drilled to date in the South Lokichar Basin, 12 km south east and up-dip of the previous Amosing-1 oil discovery. The well extended the proven oil basin southwards having encountered a 900 metre section of near continuous oil shows throughout an interval of tight faulted sands. The Ekosowan area is located within the ongoing 3D seismic survey in the South Lokichar Basin, acquisition of which is expected to complete in December this year. Follow up drilling will target better developed reservoir expected between Amosing-1 and Ekosowan-1, further away from the faulting at the basin margin. The Sakson PR-5 rig drilled the Ekosowan-1 well to a final depth of 2,029 metres. The well will be plugged and abandoned, following which the Sakson PR-5 rig will be replaced by the new SMP-106 rig which is currently mobilising to the Engomo-1 wildcat well location, the first test of the North Turkana Basin. The Ngamia-4 well in Block 10BB continued the successful appraisal of the Ngamia oil field. The well was drilled 1.1 km west of the Ngamia-1 discovery well and successfully encountered up to 120 metres of net hydrocarbon pay, of which up to 80 metres was oil. The well has been suspended for use in future appraisal and development activities. The PR Marriott Rig-46 drilled Ngamia-4 to a final depth of 1,814 metres. The rig will now drill the Ngamia-5 appraisal well which will help assess reservoir connectivity in the Ngamia field, the oil discovery to date in the South Lokichar Basin. The SMP-5 Workover Rig has successfully completed four flow tests on the Twiga-2A well in Block 13T, achieving production rates between 150 and 3,270 bopd under natural flow with no depletion, the oil production rate seen to date in Kenya. With optimised equipment the maximum flow potential from the best zone could have increased to around 10,000 bopd demonstrating excellent reservoir deliverability. The SMP-5 rig will now move to the Amosing oil field to begin Extended Well Testing, where production and injection interference testing, involving the Amosing-1 and 2A wells, will help provide dynamic flow characterisation of the Amosing stacked reservoirs.

Tullow Oil Releases Well Update on Sputnik-1 Offshore Gabon

Perenco, Tullow Oil's partner in the Arouwe block offshore Gabon announced that the Sputnik-1 well, targeting a pre-salt structure in Gabon's offshore Arouwe block, has encountered non commercial hydrocarbon pay in up to 300 metres of net sandstone reservoir. The Vantage Tungsten Explorer drill ship, drilled Sputnik-1 to a final depth of 4,868 metres in water depths of 1,023 metres. The rig will now leave the Arouwe block and the results of this well will be incorporated into wider understanding of the region.

Tullow Oil plc Announces Results from Exploration, Appraisal and Testing Activities Conducted in Blocks 10BB and 13T Onshore Kenya

Tullow Oil plc announced the successful results from a series of exploration, appraisal and testing activities conducted in Blocks 10BB and 13T onshore Kenya. Etom-1 exploration well: The Etom-1 well in Block 13T is the most northerly well drilled to date in the South Lokichar basin, 6.5 km north of the previous Agete-1 discovery. The well encountered approximately 10 metres of net oil pay, extending the proven oil basin significantly northwards. Based on this result the ongoing 550 sq km 3D seismic survey in the South Lokichar basin has been extended to cover a further 247sq km in this northern area, including several similar prospects which are scheduled to be drilled in 2015. The Weatherford 804 rig drilled the Etom-1 well to a final depth of 2,000 metres. The well will be suspended for use in future appraisal and development operations, following which the rig will move to drill the Kodos-1 well in September 2014 to test the first of several prospects identified in the neighbouring Kerio Basin. Amosing-2 appraisal well: The Amosing-2 well in Block 10BB is the first appraisal well on the Amosing field discovered in January 2014, and was drilled from the Amosing-1 well pad. The well was deviated 1,350 metres towards the northeast and downdip from the discovery well to calibrate the oil-water contacts of the several oil pools identified in Amosing-1. The Amosing-2 well encountered up to 30 metres net oil pay. As planned, the well was then sidetracked back to some 400 metres from the discovery well to provide additional insight into reservoir distribution in the area and for use in interference testing, planned to start later in 2014. The Amosing-2A sidetrack encountered up to 90 metres net oil pay in several oil pools. The Sakson PR5 rig drilled Amosing-2 to a final depth of 2,878 metres and the Amosing-2A sidetrack to a final depth of 2,165 metres. The rig will now be moved to explore the southern extent of the South Lokichar basin to drill the Ekosowan-1 well in September 2014, 11.9 km south east of the Amosing-1 well. Ngamia-3 appraisal well: The Ngamia-3 well in Block 10BB continued the appraisal of the Ngamia field. The well was successfully drilled 1.6 km north of the Ngamia-1 discovery well and encountered 150 metres of net oil pay in both Auwerwer and Lokone reservoirs. The well has been suspended for likely use in future interference testing, appraisal and development activities. The Marriott PR46 rig drilled Ngamia-3 to a final depth of 2,700 metres. The rig will now be moved to continue the appraisal of the Ngamia field, drilling the Ngamia-4 and Ngamia-5 wells which are planned to be used in an interference testing programme in the Ngamia field.

 

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TQW

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Valuation TQW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.9x
Price/Book 1.4x
Price/Cash Flow 8.2x
TEV/Sales 2.9x
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