I discuss our team's story on opening new oil basins and show there is a pattern of discovery. Tullow Oil is focused on finding
and then selling it in the ground or through the pipe. We are focused on low-cost of supply, light oil which flows naturally.
We are conventional oil finders and our exploration covers two continents –
Africa and South America. Africa is the continent
in which Tullow Oil began doing business, and where we see considerable future exploration potential. South America presents
us with exciting new opportunities and a chance to replicate the exploration success we have had in Africa. Our "off-limits"exploration filters help us focus on high-margin light oil in onshore rifts in East Africa, simple offshore settings on the African
and South America continental margins and in our production heartlands of West Africa, particularly in Ghana.