Tullow Oil plc has signed a production sharing contract (PSC) for offshore exploration licence CI-803, Côte d’Ivoire. LICENCE CI-803 The company will operate the licence with 90% equity with the 10% held by PetroCi*. Licence CI-803 covers 1,345 km2 and is next to licence CI-524 which is also held by Tullow (90%, operator) and PetroCi […]
Tag: Tullow Oil plc
Tullow Oil appoints Richard Miller as chief financial officer
Tullow Oil plc has appointed Richard Miller as chief financial officer (CFO) and an executive director, effective 1 January 2023. Mr Miller, who has been interim CFO since April 2022 and is also group financial controller, has worked for Tullow for more than 11 years. During that time, he led the company’s finance team, supporting […]
Capricorn-Tullow cancel proposed merger
Capricorn Energy plc and Tullow Oil plc today confirmed the cancellation of the proposed transaction for an all-share merger. STATEMENTS Capricorn said that on 29 September 2022, Tullow announced it had determined not to increase the value of its offer for Capricorn or to elect to implement its offer by way of a contractual offer. […]
Tullow Oil appoints Martin Greenslade as senior independent NED
Tullow Oil plc has appointed non-executive director (NED) Martin Greenslade as senior independent NED. He replaces Jeremy Wilson who will retire at the end of November. Mr Greenslade will also be a member of the nominations and remuneration committees. The company has also appointed NED Genevieve Sangudi as a member of the audit committee. Tullow […]
Tullow Oil senior independent NED Jeremy Wilson to retire
Tullow Oil plc senior non-executive director Jeremy Wilson will retire after completing nine years on the board. He has also stepped down from the nominations, remuneration and audit committees. EXPERIENCE Chairman Phuthuma Nhleko said that Mr Wilson had been a source of great counsel for him since becoming chairman. “I also know that my […]
Capricorn keeps open Tullow merger options
Capricorn Energy plc said it was considering alternative transactions while maintaining that its proposed merger with Tullow Oil & Gas plc would create a stronger and more resilient business. PROPOSED MERGER Announcing the company’s half year results, chief executive Simon Thomson said that the proposed enlarged group would have assets in Ghana, Egypt, Gabon and […]