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Business News of Friday, 21 February 2025

    

Source: www.ghanawebbers.com

Tullow Plc reaffirms commitment to Ghana's energy future

Tullow Plc reaffirms commitment to Ghana's energy future Tullow Plc reaffirms commitment to Ghana's energy future

During a meeting with President John Mahama, Tullow Plc Board Chairman Phuthuma Nhleko reaffirmed the company's long-standing commitment to Ghana’s energy sector.

Emphasizing nearly two decades of partnership, Nhleko highlighted the importance of efficiently and sustainably harnessing Ghana’s oil and gas resources.

As the lead operator of the Jubilee and TEN fields, Tullow and its partners have invested over $19 billion, contributing more than $6 billion in revenue to the government.

He introduced interim Group CEO Richard Miller following the exit of former CEO Rahul Dhir.

Nhleko also stressed gas's potential for driving economic growth and called for a business environment that boosts investor confidence.

Additionally, Tullow continues investing in local communities, committing $10 million to educational infrastructure and supporting coastal livelihoods while commencing a 4D seismic survey for future drilling.