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GHANA: Tullow CEO Says Company in Strong Position to Execute the Value Maximization plan

The leadership of Tullow Oil Plc, led by CEO Rahul Dhir, paid a courtesy call on the Vice President, H.E. Dr. Mahamudu Bawumia on Monday 27th September 2021 at the Jubilee House in Accra. The Executives shared with H.E. the Vice President Tullow’s renewed Corporate Strategy and purpose, which is to build a better future through responsible oil and gas development that creates value for our host nations, investors, staff and our communities.
Tullow is committed to a long-term plan of working with our host government in Ghana and other African countries in the recovery of oil and gas resources that enables us to support government’s efforts of delivering economic development. Tullow will focus on producing oil in safe operations and in an environmentally sustainable way by executing its Net Zero plan which includes a comprehensive plan to reduce routine flaring by 2025.
The Executives also provided an update on the Jubilee Partners’ progress of the Ghana Value Maximisation Plan which entails investing over US$4 billion in Ghana over the next ten (10) years. In the first year of the implementation of the plan, 2021, Tullow reported that three (3) wells have been successfully drilled and completed in the Jubilee field, adding an additional 8,000 barrels of oil per day to production. The company, following its refinancing programme in May 2021, is now in a strong position to execute the Ghana Value Maximisation plan.
The delegation comprised the Senior Leadership Team (SLT) of Tullow Oil Plc which included Chief Executive Officer Rahul Dhir, Chief Finance Officer Les Wood, General Counsel Mike Walsh and Director, People and Sustainability Julia Ross as well as the leadership of Tullow Ghana represented by Managing Director for Ghana, Wissam Al Monthiry, also an SLT member and Deputy Managing Director for Ghana, Cynthia Lumor.

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