Award of Share Options

Tullow Oil PLC
13 March 2008

Tullow Oil plc

13 March 2008







                   Tullow Oil plc ('Tullow' or 'the Company')





      Awards of Shares under the Company's 2005 Deferred Share Bonus Plan





Under annual bonus arrangements agreed in 2005, part of the annual performance
related bonus of the executive directors of Tullow is satisfied by the award of
shares under the Tullow Oil 2005 Deferred Share Bonus Plan ('Plan'). The Company
announces in respect of the 2007 annual bonus that, on 13 March 2008, each of
the following executive directors were granted awards over the number of
ordinary shares of 10p each set out below under the terms of the Plan.


                                     Number of Deferred Share Bonus Plan  Cumulative number of Deferred
                                     shares awarded 13 March 2008               Share Bonus Plan shares
                                                                                                awarded

Aidan Heavey                                        28,328                                       92,030
Tom Hickey                                          18,111                                       58,239
Graham Martin                                       16,021                                       54,055
Angus McCoss                                        14,686                                       14,686
Paul McDade                                         14,686                                       41,752
Matthew O'Donoghue                                   4,334                                       19,658






The awards granted on 13 March 2008 will normally vest on 1 January 2011 subject
to continued employment. No consideration was paid for any of the awards and no
consideration is due on vesting.



This notification is made in accordance with DR 3.1.4R (1)(a).





Enquiries



Graham Martin



Tullow Oil plc

+ 44 208 996 1000





This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.








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