Wednesday, May 9, 2012
How Tullow oil started, I find it amazing!
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." – Aidan Heavey, CEO Tullow Oil plc
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