Ghana is looking at having a long term partnership with the Tullow Oil Plc, Ireland-based oil and gas firm, Ghana’s Minister for Energy, Dr. Matthew Opoku Prempeh, has said.
“We want to have a long-term partnership with the company and I believe it is important to look back at our relationship and see how we can move on,” Dr. Matthew Opoku Prempeh said during a virtual meeting with the CEO of Tullow Oil Plc, Mr. Rahul Dhir.
The Managing Director of Tullow Ghana Ltd, Mr. Wissam Al-Monthiry, was in attendance, together with other leading executives of the company in Ghana.
The purpose of the meeting was for the company to brief the new Minister about its operations in Ghana, its strategic direction for 2021 and beyond and also to discuss a number of outstanding issues between Tullow Oil and the Government of Ghana.
Tullow, which is the lead operator of Ghana’s Jubilee Field in the Western Region, recently, announced plans to start the drilling of a new production well at the Jubilee Oil Field in the Republic of Ghana in the second quarter of 2021.
Alongside the drilling of the new production well, the company also plans to undertake water injection to support the field, as well as one gas injection well at TEN which supports Ntomme-09 well which was drilled last year.
“A drilling rig is being mobilised to Ghana to commence operations in the second quarter of the year. The first new production well on Jubilee is forecast to be onstream in the third quarter,” the company said in January this year.
Commenting on Tullow’s 2021 plan for Ghana, the sector Minister expressed delight in learning about Tullow Oil’s plans to scale up its investments in the country.
According to him, the current administration believes in the ability of individuals and entities to make profits from their investments, noting that Tullow and others invested in Ghana when no-one thought it was worth doing so.
Dr. Matthew Opoku Prempeh acknowledged Tullow’s significant contribution to the country’s education sector in particular as part of its Corporate Social Responsibility (CSR) functions.
“The government believes in honesty and collaboration for a ‘win-win’ situation, and that for the company’s concerns about outstanding issues to be resolved, it was important to adopt the shortest path towards that goal,” he concluded.