Managing Director of Tullow Ghana Ltd, Mr. Wissam Al-Monthiry and Vice-President of Halliburton in charge of Sub-Saharan Africa, Mr. Shankar Narayan in a conference

Tullow team tours Halliburton Ghana

Dotsey Koblah Aklorbortu Business News Apr - 30 - 2021 , 06:28

The Managing Director of Tullow Ghana Ltd, Mr. Wissam Al-Monthiry has indicated that the commencement of the firm’s 10-year development plan holds good prospects for skills transfer that will boost local content for the benefit of the country's economy.

The managing director was speaking after a tour of one of Halliburton Ghana’s facilities in the Western Region to inspect the progress of works in support of ongoing drilling and completion campaign offshore Jubilee.

Critical project

He said the current drilling campaign is a huge and critical project for Tullow as a company and the country, and supports Ghana focused businesses to derive maximum value from the Jubilee and TEN fields under the Ghana Value Maximization Plan.

The project offshore is a kickoff of the investment plans which when fully executed, would see a further $4bn investment in Tullow’s Ghana operations over the next 10-years, which would lead to more activities and increase in production.

The commencement, he said, would create jobs through local suppliers, raise revenue for the government and will also serve as a major boost for the economy and the energy sector in particular.

10 years journey

He said it is important that the company starts off on the right footing, which will signal a good and a healthy 10 years journey, and should the teams make a big difference in their operations in the country, Ghana stands the chance of making a major difference in growing its economy.

Mr. Al-Monthiry commended Halliburton for their focus on safety, which he said was evident through its work and making the site safe to support offshore operations. He was also pleased that the facility holds high level of skills diversity, along with a good mix of local content, which he said remains Tullow Ghana’s overriding priority.

“I have to say that the diversity in the wealth of skills here made the Halliburton Ghana facility a diverse place in the Western Region.” He urged the management of the facility to capitalize on the diversity since it creates better performance, saying, “I am impressed with the progress of work.”

The Halliburton Senior Area Manager, Mr. Bharathwaj Kannan, expressed the company’s commitment to the project and thanked the Tullow Oil team for the visit.

Background

In early April, Tullow Ghana started a multi-year, multi-well drilling campaign offshore Ghana with the commencement of the drilling of its first well at the Jubilee Field.

Presently, the company has secured the services of high-specification seventh-generation drillship, Maersk Venturer with two additional supporting vessels for the 2021 drilling campaign.

The company announced that Maersk Venturer was contracted for four years and is expected to drill four wells in total in 2021, consisting of two Jubilee production wells, one Jubilee water injector well and one TEN gas injector well.

The 2021 drilling campaign is the first part of Tullow’s 10-year Business Plan, which was presented at Tullow’s Capital Markets Day in November, 2020.

Infrastructure in place

The Ghana portfolio, according to the company, has a large resource base with extensive infrastructure already in place. Tullow believes that these assets have the potential to generate substantial cashflow over the next decade and deliver significant value for the country and investors.

The company expressed its commitment to the continuous implementation of its shared prosperity strategy through a strong local content programme with suppliers in the country, the professional and technical development of Ghanaian nationals and continued investment in STEM education, enterprise development and shared infrastructure.