Three Tullow Oil executives shared pot of £2.2m last year
Company cut staff numbers, suspended dividend, and made a loss of $1.2bn during year
Company cut staff numbers, suspended dividend, and made a loss of $1.2bn during year
Company will receive agreed contingency payments if Brent crude prices rise above $62 a barrel
Business week: also in the news was Tullow’s share price collapse and fossil fuels
Company also outlines opportunities in Kenya, Guyana and Côte d’Ivoire
Explorer has revised its oil production forecast down to 89,000-93,000 barrels per day
Ken Bowles, Eamonn Crowley, Les Wood and Marie Joyce are the four contenders
Remuneration for top three executives boosted by higher incentive plan payouts
Chief financial officer sees oil prices strengthening further in short term as demand grows
Reinvestment requirements weigh against possibility of dividend payment resumption
Company now has total headroom including free cash of $900 million
Board does not recommend interim dividend as investors ‘better served’ by reinvestment
Les Wood to step in as interim CFO while Ian Springett is to undergo medical treatment
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