Key performance indicators (KPIs)

Every year each business unit is set performance targets that are based on and support Tullow’s strategy.

Tullow is organised into four core areas and seven business units. These business units have annual performance targets which link directly into and are aligned with our growth strategy and how we measure and maintain our strong progress. In total, across the Group, we look at some 25 metrics in areas such as health and safety, the environment and financial performance. The table below lists the Group’s KPIs, which the Board regularly reviews to maintain their appropriateness. In 2008, we will be adding another KPI which focuses on our people performance, to ensure that we continue to attract and retain top quality staff, particularly in an industry where human resources are scarce. On the Corporate and social responsibility and Finance review you will find additional information on both the financial and non-financial metrics we use to assess the ongoing progress of the business.