18Tullow Oil plc 2011 Annual Report and Accounts: Special feature

DEVELOPMENT & OPERATIONSStrategic priority: Safely manage and deliver all major projects and production operations, increasing cash flow and commercial reserves.Growing our production profile develops a strong predictable cash flow for the Group and improves our financial flexibility. In recent years we have enhanced our capability as an Operator to deliver major development projects. This has allowed us to significantly increase the EHS, technical, project execution and operating expertise within our organisation.Our team's focus is on safely managing all activities and the early commercialisation of our exploration discoveries to ensure we maximise the value of our exploration success. The latter is delivered through the sale of the resource in ground or the early development to generate cash flow. This approach underpins funding for a long-term exploration campaign, selective investment in key development projects and acquisitions and a progressive dividend policy. DELIVERING MATERIAL P RODUCTION GROWTH 19www.tullowoil.com0708091011 60,00070,00080,00050,00030,00020,00010,00040,00001,5001,7502,0001,0005001,2507502500 Oil GasWorking interest production and operating cash flowboepd$mOperating cash flow