Tullow Oil CEO Rahul Dhir to step down

Tullow Oil CEO Rahul Dhir will step down and resign from the board in 2025, as announced on December 5.

Dhir, who joined Tullow in 2020, has led a successful strategic turnaround, focusing on operational performance, debt reduction, and positioning the company for future growth.

The board is currently searching for his successor, with Dhir remaining in his role until the transition is complete.

Non-executive chairman Phuthuma Nhleko thanked Dhir for his dedication, highlighting achievements such as delivering over $1.1 billion in free cash flow and reducing net debt from $2.8 billion to $1.4 billion.

Dhir expressed pride in the company's progress and its strong team culture.