Tullow Oil plc - Overview Presentation slide image

Tullow Oil plc - Overview Presentation

Tullow Oil plc - Overview Presentation PROJECT OIL KENYA - STEPS TO FID PROJECT UPDATE Significant progress made in 2019: Foundation Phase 210 mmbo Gross 2C resource well performance as expected (currently suspended due to weather) • EOPS - Trucking operation 2,000 bopd, first export in Q3, • FEED - Completed for upstream & pipeline Land - All land gazetted. National Lands Commission surveys for valuation & acquisition underway • Contracts - Tender process for wells and upstream facilities underway Incremental Phase 560 mmbo Gross 2C resource ESIA - Shared with NEMA • Water - Confirmed water source PROJECT OIL KENYA Erut Agete • Heads of Terms - Signed in June, key commercial principles agreed Ekales Etom TWIGA 10 wells 2 pads Remaining deliverables for FID: CPF • ESIAS - Finalisation & approval • Water - Water supply agreements • Contracts - Tender/evaluation/negotiation/award • Pipeline - Financing, land acquisition & title • Long-form commercial agreements - Upstream & pipeline Field development plan - Submission & approval Slide 11 NGAMIA 230 wells 22 pads AMOSING 81 wells 9 pads Heat pump Water & Power TULLOW Di 60-80,000 bopd gross production 100,000 bopd gross production Uganda Ethiopia South Lokichar Development Area Kenya Pipeline Route Nairobi Lamu Tanzania Mombasa Pipeline to Lamu CPF Central Processing Facility Onshore Terminal Diagram for illustration purposes only, not to scale
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