Grant of Share Options

Tullow Oil PLC
10 October 2003

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

                             Grant of Share Options

The Company announces that on 8 October, 2003, the following options ('Share
Options') over ordinary shares of 10p each ('Ordinary Shares') were granted to
its executive directors under the terms of the Tullow Oil 2000 Executive Share
Option Scheme at an exercise price of 85p per share:



                                                                           Total
                                                                       number of
                                                                 Ordinary Shares
                                                                over which Share
                                       Number of          Options held following
Director                   Share Options granted               this notification
Aidan Heavey                             600,000                       2,380,230
Graham Martin                            400,000                       2,684,426
Matt O'Donoghue                          330,000                       1,868,390
John Lander                              330,000                       1,080,000
Tom Hickey                               290,000                       1,000,000




The options are exercisable during the period commencing 8 October 2006 until 7
October 2013. The exercise price compares with a closing mid-market price on 7
October 2003 of 74p per Ordinary Share




Inquiries

Tom Hickey

Tullow Oil Plc

+ 44 207 333 6800



10 October, 2003


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