Business

Sunday 21 October 2018

Tullow oil boss sports a €53,000 watch

Aidan Heavey
Aidan Heavey

Roisin Burke and Nick Webb

Aidan Heavey, the chief executive of Tullow Oil, has been seen sporting an uber-flash trophy watch to match his lavish bonus pot.

The former accountant, one of the highest paid listed company bosses around, wears a Patek Philippe timepiece that retails at €53,600, expert Paul Broughan at Weir & Sons jewellers confirmed.

The handmade 18-carat rose gold watch contains rubies as part of its internal workings.

"Rubies are used in all mechanical watches as they don't wear down like metal parts would," Broughan explains. "Patek watches are among the finest in the world and sell at auctions for high prices."

The €11bn market cap Irish oil boss and his executive team shared a bumper bonus of up to €16m in a recent share award.

Heavey donated over €10,000 to the Tory party in Britain ahead of the last general election, something that garnered publicity in a recent clash with Heritage Oil where Tullow was accused of being to close to the British Foreign Office.

Last week, Tullow said its wildcat well in the Norwegian North Sea was being plugged and abandoned as a dry hole.

Irish Independent

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