Tullow Oil plc
TQW.IR
Euronext Dublin0.54
EUR
+0.03
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Tullow Oil plc
TQW.IR
(Euronext Dublin)
Recent
price
0.54
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Tullow Oil plc (TQW.IR) is an independent oil and gas exploration and production company focused on Africa and South America. The company engages in the acquisition, exploration, development, and production of crude oil and natural gas; it operates a portfolio of producing assets, development projects, and exploration licenses primarily in Ghana, Côte d'Ivoire, Gabon, and Namibia. Core products and services include crude oil production from fields such as Jubilee and TEN in Ghana, Pecan in Côte d'Ivoire, and Mayumba in Gabon; natural gas production and sales; and exploration activities targeting high-impact prospects in the Orange Basin offshore Namibia and the Tano Basin offshore Ghana. Tullow Oil maintains headquarters in London, United Kingdom, where it was founded in 1986, and conducts operations across West Africa and southern Africa with a workforce supporting offshore and onshore activities. In recent developments, Tullow Oil advanced its strategic farm-down agreement with QatarEnergy in 2024 for the offshore Côte d'Ivoire license, enabling joint development of the Pecan field and unlocking further exploration capital. The company completed a significant debt refinancing in 2023-2024, extending maturities and reducing leverage to support long-term sustainability amid volatile commodity prices. Additionally, Tullow progressed the Jubilee South East project in Ghana toward final investment decision in late 2024, alongside ongoing exploration drilling in Namibia's high-potential Venus prospect, marking key expansions in its growth pipeline.