Parliamentary Select Committee on Energy, led by its Chairman and Ho West MP, Emmanuel Bedzrah, has completed a working visit to Tullow Ghana’s Jubilee and TEN oil fields in the Western Region.
The visit offered the lawmakers a closer look at the company’s offshore operations and its efforts to sustain and strengthen Ghana’s oil and gas industry.
Before setting off to sea, the Committee received a detailed briefing on Tullow’s key business activities, including plans by its partners to boost production and ensure long-term value for Ghana and its stakeholders.
A central part of these plans focuses on cutting operational costs in the TEN field through strategic initiatives designed to position the field to unlock investment for more than 200 billion cubic feet of gas.
These efforts depend on critical agreements with Ghana’s government, such as a long-term gas sales agreement backed by an effective payment security guarantee and the extension of the current DWT and WCPT licenses.
The long-term gas sales agreement is expected to deliver savings of nearly $100 million for Ghana between 2026 and 2040 for future gas sales.
The extension of the DWT and WCPT licenses is also projected to deliver over $900 million in revenue to the state and enable up to $2 billion in new investments, including subsea and facility upgrades and the drilling of 20 additional wells.
Tullow’s sustainability goals were another major highlight.
The company has made measurable progress in cutting gas flaring, is committed to achieving net-zero emissions by 2030, and has invested over $40 million in decarbonising its offshore vessels.
Accompanied by Tullow Ghana’s Managing Director, Jean-Medard Madama, the Committee toured the TEN FPSO production facility, inspected the gas compression plant, and observed the completion of an offloading operation involving an offtake tanker.
They interacted with Tullow staff and key government agencies on board, including representatives from the Ghana Revenue Authority (GRA), Ghana National Petroleum Corporation (GNPC), and MODEC.
As part of the tour, a section of the delegation, led by Tullow’s Deputy Managing Director, Cynthia Lumor, visited several of the company’s community development projects.
These included education infrastructure initiatives, where Tullow has invested about $10 million over the past five years to construct classrooms and dormitories for schools across the country.
Energy | National
Tullow Ghana shares strategic sector plans with Parliamentary Select Committee on Energy
Source: Joy Business
29 October 2025 12:58pm
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