Oil Company to move to Chiswick
Tullow Oil to take space in local business park
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Tullow Oil, the fast expanding international independent oil and gas, exploration and production Group, is moving its headquarters from the West End to take 25,000 sq ft of office space in Building 11 at Chiswick Business Park.
The company, which is a member of the FTSE 250 and has a market capitalisation of approximately £1 billion, is currently based on Old Burlington Street, W1, and is expected to relocate to Chiswick Park in July.
Henry Williams, Director at Stanhope commented, “Naturally, we are delighted to welcome yet another big name to Chiswick Park. This is a significant letting to attract an organisation of this stature, and further affirmation of the Park’s continuing success in appealing to major companies from central London.”
Tullow Oil is engaged in oil and gas exploration and production with a primary focus on gas in the UK Southern North Sea and oil in West Africa, together with an ongoing appraisal and development programme in South Asia. Group production is over 56,000 barrels of oil equivalent per day.
Graham Martin, Director at Tullow said, “After an extensive search for suitable offices both in the West End of London and selected locations around the M25, we are delighted to be moving to Chiswick Park. The ease of access to Heathrow, combined with the quality of the offices assisted our decision. This move allows the Group to occupy first class office accommodation with inbuilt flexibility to cope with our rapid expansion. For staff, the move from central London is not without its issues, but the “enjoy work” concept, with increasing on-site facilities, makes the transition easier”.
Chiswick Business Park recently received planning consent for two further new speculative buildings for the Stanhope office development, with construction work well underway on Building 5. This year has already has seen Discovery Networks Europe and CBS News relocate their European headquarters from the West End to Chiswick Park.
May 11, 2005