{"id":7962,"date":"2020-02-05T14:50:44","date_gmt":"2020-02-05T14:50:44","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=7962"},"modified":"2020-02-05T15:14:16","modified_gmt":"2020-02-05T15:14:16","slug":"job-losses-loom-in-kenya-uganda-and-ghana-as-tullow-oil-plans-staff-cuts","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/job-losses-loom-in-kenya-uganda-and-ghana-as-tullow-oil-plans-staff-cuts\/","title":{"rendered":"Job Losses Loom in Kenya, Uganda and Ghana as Tullow Oil Plans Staff Cuts"},"content":{"rendered":"

Tullow Oil is planning to reduce its staff head count in Kenya, Uganda and Ghana as the company plans to cut down expenses by $20 million in 2020 as the Irish explorer restructures following lower input in Ghana, unsuccessful results in Guyana and delays in the East Africa region development phase. According to a source in Tullow Oil this move would reduce administration costs from $100 million to $80 million in a move likely to affect around 650 employees with consultation processes having said to have commenced.<\/p>\n

According to the source Tullow estimates that the measures will deliver considerable savings and the group’s workforce may reduce by approximately a third globally with potential office closures in Dublin and Cape Town among a number of measures to reduce costs and overheads,” the spokesman quoted by Reuters confirmed. The report also suggests that the company will be cancelling its $100 million dividend plans.<\/p>\n

In Kenya a source confirmed that consultations are expected to begin this week with the staff cuts expected to affect about 45% of the current workforce or slightly more. With details still trickling it is expected that the staff cuts will affect all departments from the head office to the fields casting a dark blanket on the company\u2019s future in Kenya.<\/p>\n

Below is a leaked letter believed to be from Tullow Oil Kenya circulating in various social media accounts.<\/p>\n

\"\"<\/p>\n

In Uganda the staff cuts are expected to be less corrosive as the company had already cut its headcount due to the delay in the farm-out process to total.<\/p>\n

Already to reports<\/a> emanating from France last week Tullow Oil the operator of blocks\u00a0\u00a0Blocks 10 BA, 10 BB and 13T in the South Lokichar Basin the company together with its JV partner Total seeking for a partial or total equity change in their acreage sending mixed messages in the Kenyan nascent oil and gas industry.<\/p>\n

Already Tullow\u2019s free cash flow has dipped by $150 million at an oil price of $60 a barrel with hard times<\/a> projected for oil prices globally especially with the outbreak of the corona virus in China that has led to a drop in global crude oil demand.<\/p>\n

The operator in both Kenya and Uganda has further pushed its full year results to March 12th<\/sup> as to when the staff cuts information is expected to emerge more clearly with a new CEO expected to be announced.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tullow Oil is planning to reduce its staff head count in Kenya, Uganda and Ghana as the company plans to cut down expenses by $20 million in 2020 as the … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[454,7325,7323,7324,920,997,1252,1881,7322,2466,2571],"class_list":["post-7962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-china","tag-corona-virus","tag-cuts","tag-expenses","tag-france","tag-ghana","tag-kenya","tag-oil-price","tag-staff","tag-tanzania","tag-tullow-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-24q","jetpack-related-posts":[{"id":3268,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-launch-new-1-million-training-program-kenya\/","url_meta":{"origin":7962,"position":0},"title":"Tullow Oil To Launch New $1 Million Training Program In Kenya","author":"","date":"August 24, 2015","format":false,"excerpt":"Tullow Oil will this week launch a training program in Kenya at a cost of $1 million to enable new graduate acquire the needed skills and become more employable in the oil and gas sector. According to Tullow Oil the program to be launched tomorrow will coincide with the awarding\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/tullow-scholarships.png?fit=821%2C498&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/tullow-scholarships.png?fit=821%2C498&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/tullow-scholarships.png?fit=821%2C498&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/tullow-scholarships.png?fit=821%2C498&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4814,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-to-raise-300-million-to-fund-east-west-africa-operations\/","url_meta":{"origin":7962,"position":1},"title":"Tullow Oil to raise $300 million to Fund East & West Africa Operations","author":"","date":"July 8, 2016","format":false,"excerpt":"Tullow Oil has said it will be raising $300 million of Convertible Bonds due 2021 to diversify the company\u2019s sources of funding and the proceeds will be used for general corporate purposes and to fund capital investment in the Group\u2019s assets in West and East Africa. According to Tullow Oil\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":2811,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyan-ugandan-contractors-earn-100-million-payments-tullow-oil-report-highlights\/","url_meta":{"origin":7962,"position":2},"title":"Kenyan, Ugandan Contractors Earn Over $100 million in payments from Tullow Oil – Report Highlights","author":"","date":"April 14, 2015","format":false,"excerpt":"2,240 suppliers working directly for Tullow in Uganda, Kenya and Ghana took home $255M of the total \u00a0$1.4 billion Spent with suppliers in 2014 according to the latest Corporate Responsibility report by Tullow Oil. Of this amount contractors in Kenya received $81.5 million in payments signifying a doubling in spending\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Tullow-CR.png?fit=399%2C556&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1714,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-awards-a-third-of-its-global-scholarships-to-kenya\/","url_meta":{"origin":7962,"position":3},"title":"Tullow Oil awards a third of its global scholarships to Kenya","author":"Samuel Kamau Mbote","date":"September 3, 2014","format":false,"excerpt":"Tullow Oil has awarded 30 Kenyan post graduate students scholarships to various universities in the United Kingdom and Europe. The scholarships are part of the Tullow Group Scholarship Scheme that will in 2014\/2015 benefit some 110 students from 8 African countries (Ethiopia, Ghana, Mauritania, Ivory Coast, Uganda) \u00a0and South American\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/tullow-scholarships.png?fit=821%2C498&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/tullow-scholarships.png?fit=821%2C498&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/tullow-scholarships.png?fit=821%2C498&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/tullow-scholarships.png?fit=821%2C498&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1372,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-operational-update\/","url_meta":{"origin":7962,"position":4},"title":"Tullow Oil operational update July 2014","author":"Samuel Kamau Mbote","date":"July 3, 2014","format":false,"excerpt":"Tullow Oil\u00a0has \u00a0issued a statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 30 June 2014. This is in advance of the Group\u2019s Half Year Results, which are scheduled for release on Wednesday 30 July 2014. The information contained herein has\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8065,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-losses-soar-to-1-69b-for-2019\/","url_meta":{"origin":7962,"position":5},"title":"Tullow Oil Losses Soar to $1.69B for 2019","author":"","date":"March 12, 2020","format":false,"excerpt":"Irish explorer Tullow Oil has announced that it has recorded a $1.694B in loss after tax for the year ended 31st December 2019. According to the company it has undertaken a business review on all aspects of its operations and cost base including a headcount reduction of 35% as part\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Tullow-Oil.jpg?fit=713%2C476&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=7962"}],"version-history":[{"count":4,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7962\/revisions"}],"predecessor-version":[{"id":7967,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7962\/revisions\/7967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7550"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}