Tullow Oil - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Tullow Oil M&A Summary

Tullow Oil has acquired 2 companies. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Tullow Oil’s largest acquisition to date was in 2013, when it acquired Spring Energy Norway AS for $372M. Tullow Oil has acquired in 2 countries. The Company’s most targeted sectors include oil/gas exploration (100%).

Tullow Oil Business Overview

Where is Tullow Oil headquartered?

Tullow Oil is headquartered in London, United Kingdom.

What is Tullow Oil’s revenue?

Tullow Oil disclosed revenue of 1,783M USD for 2022 and 1,273M USD for 2021.

How many employees does Tullow Oil have?

Tullow Oil has 730 employees.

What sector is Tullow Oil in?

Tullow Oil is an oil/gas exploration company.

When was Tullow Oil founded?

Tullow Oil was founded in 1985.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2

Tullow Oil

Tullow Oil plc

9 Chiswick Park,566 Chiswick High Road,
London, W4 5XT
United Kingdom,
+44 20 3249 9000
www.tullowoil.com

Tullow Oil is an independent oil and gas, exploration and production group. Our focus is on finding oil in Africa and the Atlantic Margins, combined with selective development and high-margin production to fund our exploration-led strategy. Tullow Oil was founded in 1985 and is based in London, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $372M $372M
Sell (0.2/yr) # - 1 - - - - 1
  3

Most Recent M&A

Company Date Value Type
Tullow Oil plc - Uganda Lake Albert Project 2020-04-23 - Divestiture
, Uganda
Spring Energy Norway AS 2013-01-22 372M USD Add-on Acquisition
Oslo, Norway · www.springenergy.no
Hardman Resources Pty Ltd. 2006-12-20 - Add-on Acquisition
West Perth, Washington
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Tullow Uruguay Ltd.    - Esso Exploration Uruguay (Block 15) Ltd. 2013-05-09 1
, Uruguay , Uruguay

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (100%) 372M (100%) 1 (100%) -
Total 2 $372M 1 -

By Geo

State/Country Buy Value Sell Value
Australia 1 - - -
  Washington 1 - - -
Norway 1 372M - -
Uganda - - 1 -
Domestic - - - -
Cross-border 2 (100%) 372M (100%) 1 (100%) -
Total 2 $372M 1 -

Deal Values

buy # Total
$100M to $1B 1 $372M
TOTAL $372M
Largest Spring Energy Norway AS
$372M (2013-01-22)

M&A Connections

Deals
Acquired from
Investor(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

1,783   41% 2022
1,273   9% 2021
1,396   18% 2020
1,683   10% 2019
1,859   8% 2018
1,723   36% 2017
1,270   2016
(millions of USD) Show More Show Less

Employees

730

Established

1985

Public

London Stock Exchange: TLW

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