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The group said that Hickey’s decision to leave Tullow reflected “the considerable personal demands” of his role in a London-based multi-national company and his desire to live full time in Ireland.

It added that Hickey believed that it would not be possible for him to continue to fulfil the demands of his role from Dublin as Tullow continues its rapid growth.

The board said it would immediately begin the process of recruiting his successor. Hickey will remain in his role until a suitable candidate has been identified to ensure an orderly transition.

Tullow said it expected that he would leave sometime after the Interim Results in August and before the end of the year.

Tullow (LSE:TLW) is an independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges and a constituent of the FTSE 100 Index.

The group has interests in over 100 exploration and production licences across 23 countries and focuses on four core areas: Europe, Africa, South Asia and South America.

Tullow’s European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames-Hewett areas and operates over 70 per cent of its production.

In Africa, Tullow has exploration and production in Gabon, Côte d'Ivoire, Mauritania and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda.

Tullow also has exploration interests in Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.

In South Asia, Tullow has exploration and production in Pakistan and Bangladesh and high impact exploration activities in India.

In South America, Tullow has high impact exploration interests in Trinidad and Tobago, French Guiana and Suriname.

Related links 

• Tullow Oil plc