Tullow says current wrangling in Ghana’s oil sector won’t affect it

Mr. Kofi Essuon, External Affairs Manager of Tullow Oil, said any effort to thwart Ghana’s investment initiatives would harm the economic interest of the country and investors in the oil sector.

He said government would not engage in acts that would create confusion and mistrust in the oil industry, to enable the sector grow.

Mr. Essuon was responding to questions on the current impasse between government and Kosmos Energy, at a forum for journalists at Takoradi on Thursday.

He said though the impasse was disturbing, it would not affect the current operations of Tullow Oil.

Mr. Essuon said that Tullow would not stop the ongoing three-week training for personnel of the oil industry by some service providers but the credibility of such institutions needed to be critically scrutinized to avoid creating problems for the oil companies.

He charged the National Vocational Technical Training Institute, to offer the requisite manpower needs of the oil sector.

Mr. Gayheart E. Mensah, Communications Manager of Tullow Oil, said the floating production and storage facility was likely to arrive in Ghana by June this year to assist in oil exploration at the Jubilee oil fields near West Cape Three Points.

He said the facility, a storage ship about 800 feet long, was presently under construction in Singapore and could store and process over 140,000 barrels of crude oil daily.

Mr. Mensah said the oil deposited about 19,000 below the sea could only be fitted with equipments by remote operated vehicles and such equipment would begin the process soon.

Okyeame Ampadu Agyei, Corporate Social Responsibility Manager of Tullow, said a draft guide of the corporate social responsibility package would be launched soon.

Source: GNA