2021 Full Year Results
Focus on a sustainable future
Sustainable value creation in 2021
Shared Prosperity
2030 Net Zero Pathway (Scope 1 & 2)
•
•
$207 million local supplier spend in 2021, 5-year total $1.2 billion
First 100% Ghanaian owned, crewed and flagged vessel - Flat Confidence,
contracted to support offshore operations
• >7,800 students across Ghana, Kenya, Guyana and Suriname benefitted
from educational initiatives
Environmental Stewardship
• >65% reduction in non-routine flaring associated with unplanned outages
•
88% reduction in water consumption per tonne of hydrocarbon produced
Carbon offsetting of hard to abate emissions -MOU signed with Ghana
Forestry Commission
•
Equality and Transparency
$445 million total socio-economic contribution in our host countries,
5-year total $2.9 billion
$234 million paid to host countries in taxes
c.75% localisation in Ghana
Operated
(c.75%)¹
Non-operated
(c.25%)
TULLOW
Jubilee and TEN
decarbonisation
initiatives
Non-operated
emission
abatement projects
NPV+
decarbonisation
projects
Nature-based
offsets to mitigate
residual emissions
2025
Elimination of routine flaring targeted by 2025
Operated assets decarbonisation initiatives include the re-
motoring and re-wheeling of compressors alongside gas and
water capacity expansion
1 Net equity basis
2030
Tullow Oil plc | 2021 Full Year Results
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