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Tullow Oil 

“Market Cap $11.39 B As of May 2014

At a Glance

  • Industry: Oil & Gas Operations
  • Founded: 1985
  • Country: United Kingdom
  • CEO: Aidan Heavey
  • Website: www.tullowoil.com
  • Employees: 1,679
  • Sales: $2.65 B
  • Headquarters: London

Forbes Lists

#1777 Global 2000

  • #1613 in Assets
  • #960 in Market value
Profile

Tullow Oil Plc engages in the oil and gas exploration, development and production, and the sale of hydrocarbons and related activities. It holds interests in exploration and production licences across countries in West & North Africa, South & East Africa and Europe, South America and Asia. The company was founded by Aidan Joseph Heavey in 1985 and is headquartered in London, the United Kingdom.

“Tullow Oil History

“It started in a small town called Tullow, about 35 miles south of Dublin, Ireland. In the 80s there were loads of companies starting off in the North Sea and Irish Celtic Sea. I was talking to a friend of mine in the bank one day and he was talking about small oil fields in Africa, which had been left behind by the majors and had no-one to work them. That is where the idea came from. I contacted another friend of mine in the World Bank who told me about a project in Senegal. They had some small gas fields that they were trying to get people to develop, so I setup Tullow Oil to rework those old fields. I knew nothing about the oil and gas industry at the time, which made it more challenging. No one thought Tullow would succeed because of my lack of knowledge of the industry, no major backers and I was starting a company in a country with no oil industry.”

*Information from Forbes.com and Tullowoil.com

**Video published on YouTube by “Tullow Oil plc