Tullow oil has issued the following Interim Management Statement, for the period July 1, 2008 to November 12, 2008, in accordance with reporting requirements of the EU Transparency Directive. A Trading Statement and Operational Update covering the full year will be announced on January 21, 2009.

Tullow's business has continued to perform strongly over the second half of 2008. During the period, the Group has maintained its 100% exploration success record in Uganda with four further discoveries; has drilled a successful appraisal well on the Banda discovery, and has spudded the first well in a substantial new drilling campaign offshore Ghana. Total production for 2008 is now expected to average approximately 67,000 boepd with strong production performance from Africa and Asia offsetting lower production in the UK...more...