Evidence library — Tullow Oil plc

UK Companies House registry record for Tullow Oil plc, company number 03919249: public limited company, status active, incorporated 4 February 2000, registered office 9 Chiswick Park, 566 Chiswick High Road, London W4 5XT, SIC 06100 (extraction of crude petroleum).

Relevance: Primary statutory registry record establishing legal identity, status and incorporation date.

Ghana Stock Exchange-issued company announcement (2 January 2025) that an ICC tribunal ruled the Branch Profit Remittance Tax (BPRT) does not apply to Tullow Ghana under the Deepwater Tano and West Cape Three Points Petroleum Agreements, so Tullow owes nothing on the Ghana Revenue Authority's US$320 million assessment; two other tax claims referred to the ICC in February 2023 remain open.

Relevance: Exchange-filed record of a primary tribunal decision and the company's response on the Ghana tax dispute.

LSE RNS full-year results for the year ended 31 December 2024: revenue US$1,535 million, group working-interest production 61.2 kboepd, net debt US$1,452 million, profit after tax US$55 million; Ghana Jubilee gross production about 87 kbopd and TEN about 18.5 kbopd; going-concern note on refinancing 2026 notes and the RCF.

Relevance: Company financial statement establishing FY2024 results and Ghana operational scale.

Irish Times (Reuters wire, 2 January 2025) reporting that the ICC ruled BPRT does not apply to Tullow's Deepwater Tano and West Cape Three Points operations offshore Ghana, so Tullow will not pay the US$320 million assessment, with two other tax claims still under negotiation with the Government of Ghana.

Relevance: Independent corroboration of the ICC ruling and remaining disputes.