Phuthuma Nhleko, Chairman of Tullow Plc, has reaffirmed the company’s commitment to Ghana’s energy sector during a meeting with President John Dramani Mahama.
Highlighting nearly two decades of partnership, Nhleko emphasised the importance of sustainable and efficient utilisation of Ghana’s oil and gas resources.
Tullow, the lead operator of the Jubilee and TEN oil fields, has invested over $19 billion in the sector and contributed more than $6 billion in revenue to the Ghanaian government.
During the meeting, Nhleko introduced Richard Miller, Tullow’s interim Group CEO, following the recent departure of former CEO Rahul Dhir.
He assured the President of Tullow’s dedication to business continuity and emphasised the role of gas as a driver of economic growth. Nhleko also stressed the need for a favourable business environment to boost investor confidence.
President Mahama acknowledged the energy sector’s critical role in Ghana’s development and highlighted the importance of gas for economic transformation. He called for an economic reset to foster investment-friendly conditions. Key officials from Tullow and Ghana’s energy sector attended the meeting.
Beyond its economic contributions, Tullow has pledged $10 million to enhance educational infrastructure in 15 senior secondary schools over five years. The company also supports coastal livelihoods through initiatives like the Fisherman’s Anchor Project.
Additionally, Tullow recently commenced a 4D seismic survey on its Jubilee and TEN fields to optimise drilling activities in 2025 and beyond. The survey is expected to conclude in March 2025.
One Response