Tullow Plc has reaffirmed its long-standing commitment to Ghana’s energy sector, with Board Chairman Phuthuma Nhleko emphasizing the company’s dedication to efficient and sustainable oil and gas development.
In a recent meeting with Ghana’s President, John Mahama, Nhleko underscored Tullow’s nearly two-decade partnership with the country, stating, “Tullow remains committed to strengthening its partnership with Ghana.”
He highlighted the importance of maximizing the country’s oil and gas potential “efficiently, sustainably, and with environmental responsibility.”
As the lead operator of Ghana’s flagship oil fields—Jubilee and TEN—Tullow and its partners have invested over $19 billion in the sector, contributing more than $6 billion in revenue to the government since inception.
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The meeting also served as an introduction of Richard Miller, Tullow’s interim Group CEO, to President Mahama, following the departure of former CEO Rahul Dhir after four years at the helm. Nhleko assured the President of “Tullow’s commitment to continuity and stability of the business as it drives its strategy.”
He further emphasized the “significant potential of gas as a key driver of economic growth and revenue generation,” stressing that a “conducive business environment is crucial for strengthening investor confidence and fostering long-term collaboration.”
President Mahama calls for economic reset
President Mahama acknowledged the vital role of the energy sector in Ghana’s economic transformation. He highlighted the need to unlock the full potential of gas resources, while also calling for “an economic reset to make way for a business environment that encourages investment.”
The meeting was attended by key industry stakeholders, including Energy Minister John Abdulai Jinapor, GNPC Acting CEO Kwame Ntow Amoah, and Presidential Advisor Joyce Bawa Mogtari. Tullow Ghana’s Managing Director, Jean-Medard Madama, and Deputy Managing Director, Cynthia Lumor, were also part of the discussions.
Investments in local development and future drilling plans
Beyond its contributions to Ghana’s economy, Tullow remains committed to social development. The company has pledged $10 million towards improving educational infrastructure in 15 senior secondary schools over the next five years. Additionally, Tullow supports coastal livelihoods through the Fisherman’s Anchor Project, which creates job opportunities for fisherfolk in the Western Region.
Looking ahead, the company has commenced a 4D seismic survey across the Jubilee and TEN fields, a move aimed at optimizing drilling activities in 2025 and beyond. The survey, which began in January 2025, is expected to conclude by March 2025. Tullow says interpreting the data will help “identify the best areas for future drilling, ensuring sustainable and efficient resource development.”