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Mr Ian Perks, newly-appointed Chief Executive Officer of Tullow Oil, has held talks with Mr John Dramani Mahama in Accra, highlighting key priorities and the company’s recent operations.
A release copied to Ghana News Agency said the meeting included quarterly business update, refinancing capital structure, production optimisation activities and resolution of ongoing tax disputes.
Expressing appreciation for the government’s support and collaboration, Mr Perks noted that Ghana would continue to realise “the full benefit” of Tullow’s operations with the “right commitment, investment and resources.”
Mr John Abdulai Jinapor, Minister for Energy, commended the existing cordial working relationship with Tullow, emphasising that regular gas provision to Ghana National Gas Company (GNGC) was critical to sustaining power supply to households and industries.
Mr Ian Perks was joined by Tullow Board member Roald Goethe, Ghana Managing Director, Jean-Medard Madama and Deputy Managing Director, Cynthia Lumor.
The government team included Finance Minister, Mr Cassiel Ato Forson.
Tullow Ghana recently completed a planned maintenance shutdown of its two Floating, Production, Storage, Offloading (FPSOs), a 4D seismic survey and the launch of a two-year drilling campaign for six new wells between 2025 and 2026.
Officials say one well has been completed, with a second well set to be drilled in November this year. The remaining four wells would be drilled in 2026.
Recently, the Jubilee and TEN partners entered into a Memorandum of Understanding (MOU) with the government of Ghana to extend the terms of the fields’ licenses to 2040.
The extension, which will require Parliamentary ratification, is expected to “deliver material reserves additions and provide “greater long-term optionality for Tullow’s core assets,” the release added.
