· Organisational overview and external environment

  • Stakeholder relationships

Key observations:

Tullow Oil builds on last year's new feature to give insight into the company's oil lifecycle.

Outlining the five main stages of the oil lifecycle, Tullow Oil provides the reader with an understanding of the areas of the lifecycle which the business operates in. This overview allows the reader to gain a deeper understanding of the company's operations and opportunities. Tullow Oil has also highlighted the ‘opportunities to maximise value’ which identifies the ways in which the company can monetise assets to create greater value. Interestingly, Tullow Oil have positioned 'creating shared prosperity' as underpinning the lifecycle and therefore the way in which the business operates, demonstrating the integral role which responsible business plays.

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