Tullow Ghana Limited (TGL) has underscored its readiness to help accelerate Ghana’s socio-economic development.
The oil company has over the decade invested $15.6 billion in Ghana’s economy over the decade comprising $2.5 billion in exploration and appraisal, and $ 13.1 billion in development and production.
TGL’s Director of External Affairs, Social Performance and Local Content, Cynthia Lumor said this at a news conference in Accra.
She indicated that, the Jubilee and TEN oil fields alone contribute 6% of the country’s total Gross Domestic Product (GDP), while it has spent a sum of US$14.28 billion on contracts awarded to both international and local companies.
Cynthia Lumor noted that, they are keen to explore additional exploration opportunities and given its experience operating in Ghana for more than a decade.
She stated that, the International Tribunal for the Law of the Sea’s (ITLOS) ruling on Ghana and Cote d’Ivoire territorial waters last year has boosted their confidence to focus on the full development of the Jubilee Field.
The TGL’s Director of External Affairs, Social Performance and Local Content added that, the oil company will continue to provide support to the communities in the region, so they have their fair share of the natural resource.
Cynthia Lumor said they hope to collaborate with key stakeholders like you to ensure optimal growth of the oil and gas industry in Ghana.
Have your say
More Business Headlines
- Kasapreko, Tetra Pak launch new automated carton aseptic juice line
- MASLOC boss grabs multiple awards
- Mobile Network Operators challenge NCA fine
- The greed factor in investment decisions
- Societe Generale sells South African unit to ABSA
- NPA denies allegations of ‘reckless victimisation’ of local LPG operators
- Mobile telephony: State-operator relations - A land to clear
- Bill Gates: The best investment I’ve ever made
- Mining leases without ratification: ‘Prosecute’ past ministers – Dr Manteaw
- Vodafone tops nominations for IPR's 7th National Communication & PR Awards
- Key African Central Banks to hold rates on CPI, oil prices
- China's growth set to slow to 6.3% in 2019
- GRA to introduce new measure to control transit trading
- Moody’s lauds banking sector reforms
- Tullow targets drilling, completion of works on new wells in this year