Ghana: Petroleum Commission, Tullow Oil Meet Next Week Over Planned Lay Offs

0
943

Ghana’s petroleum upstream regulator, Petroleum Commission, is set to meet with the management of Tullow Oil Ghana Ltd next week to discuss issues regarding the latter’s decision to lay off some of its workforce, energynewsafrica.com can report.

“We have scheduled a meeting with management of Tullow next week, and after the meeting, I will be able to let you know the way forward,” a source within the Commission told energynewsafrica.com.

Energynewsafrica.com, last week, reported that the Africa focused oil and gas giant, Tullow Oil Plc has planned to cut back its employees in the West African nation, Ghana, by 25 percent.

A source in the company told this portal that top management level is expected to see a 35 percent reduction.

The UK firm has interests in 80 exploration and production licences across 15 countries, which are managed as three Business Teams: West Africa, East Africa and New Ventures.

In Ghana, Tullow Oil operates the country’s Jubilee and TEN fields.

The insider who spoke to energynewsafrica.com said the company’s decision to cut back its workforce is part of an ongoing restructuring of its business due to some challenges in 2019, which impacted negatively on the company’s revenue portfolios.

 

 

 

Source:www.energynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here