2021 Full Year Results slide image

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 Slide 16
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