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Tullow Oil Steps Up Transparency in Reporting, Setting New Benchmark for International Oil and Gas

Industry

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Tullow Oil First to Embrace Project by Project Reporting

Style

According to Tullow Oil:“This information is being

released as part of our commitment to ensure that

there is transparency around our payments to

governments in the countries in which we work.”

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The Need for Transparent Reporting in the Oil and Gas

Industry

Anti-corruption activists demand more

transparency and detailed reporting of oil and gas industry profits

and procedures

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US Legislation Requiring Transparent Reporting for Oil and Gas Industry

Project by project reporting may soon be enforced by current US

laws like the Dodd-Frank Financial Reform Act of

2010

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US Stepping Up Prosecution of Corruption in the Oil and Gas

IndustryTullow Oil cites one of the many reason they’re embracing more stringent reporting is the recent

suspension of their drilling due to an investigation by US

authorities into the alleged actions of their partner, Houston based Hyperdynamics, as part of a probe into potential breaches

of anti-corruption law.

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American Petroleum Industry Urges Aggregate

ReportingThe API is urging law-

makers and the SEC to require reporting that

takes measures to protect US based Oil and Gas operators’

confidential, internal operations and

procedures

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“Global Witness” Counters API’s Position on Transparent Reporting

A Senior Campaigner from Global Witness

Argues:

“Instead of trying to weaken transparency rules designed to combat corruption and poverty in resource-dependent countries, the oil majors should follow Tullow’s lead

and embrace the fact that project-by-project reporting is the new global

standard.”

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Sources for this SlideShare

“Tullow steps up transparency in reporting”

by Tom Burgis

http://www.ft.com/intl/cms/s/0/67ed17c8-b12f-11e3-9548-00144feab7de.html#axzz2wo1yU1xO

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The Importance of Mobile Reporting in the Oil and Gas

Industry

The trend is rapidly shifting towards in-depth reporting in order to remain compliant with US and International

Law.

Check out our previous SlideShare presentations to see the many other

benefits of mobile app reporting; effecting your bottom-line and

operational efficiency.

Call us now!End the paper & excel enterprise

nightmare.

Houston TX, USA +1 832 691 7277 | San Francisco CA, USA +1 415 613 6513 | Perth WA, Australia +61 8

6555 8072

www.seeforge.com

Call Us Now!End the Paper and Excel

Nightmare

Houston TX, USA +1 832 691 7277 | San Francisco CA, USA +1 415 613 6513 | Perth WA, Australia +61 8 6555 8072

www.seeforge.com