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Ghana

Tullow announces the start of a multi-year, multi-well drilling campaign offshore Ghana

 Tullow Oil has announced the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field.  As previously announced, the Maersk Venturer, which has been contracted for four years, is expected to drill four wells in total in 2021, consisting of two Jubilee production […]

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Tullow Oil proposes $4.4-billion 10-year investment period in Ghana’s oilfields

The investment will be channelled into drilling of more than 50 new oil wells and the installation of additional subsea infrastructure on the Jubilee and Tweneboa, Enyira and Ntomme (TEN) oilfields. It forms part of Tullow’s comprehensive plan to deliver maximum value for the country and stakeholders — Ghana Value Maximisation Plan. The Managing Director […]

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Tullow Announces update on the redetermination of its Reserves Based Lending facility (“RBL”)

Over the past few weeks, Tullow has been reviewing its business plan and operating strategy with lending banks within its RBL and their financial advisers, as well as with the financial advisers of the 2021 convertible bond holders and the 2022 bond holders. This plan is expected to generate material cash flow, which will enable […]

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Ghana:Maersk Drilling wins long-term drilling campaign contract from Tullow Oil

Maersk Drilling has received a conditional letter of award from Tullow Ghana Ltd for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana. The duration of the final contract is around four years with expected commencement in Q2 2021. The […]

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Wissam Al Monthiry Is the New MD Tullow Ghana

Following the retirement of Kweku Awotwi from Tullow Ghana this June 2020, the company has appointed Wissam Al Monthiry as the new Managing Director. Kweku Awotwi is the first Managing Director of Tullow Ghana to be promoted to Executive Vice President of Tullow Oil plc. Among his achievements as MD, the TEN fields produced its […]

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Ghana expects the arrival of FRU in Tema port’s LNG facility

A floating regasification unit (FRU) for the Tema port’s liquid natural gas (LNG) facility is expected to arrive in Ghana in January 2021 according to TLTC. This will enable Tema LNG Terminal Company (TLTC) to start delivering LNG to customers in the first quarter of the year 2021. The purpose-built FRU, which was built by […]

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TG-GEOPARTNERS Commences Multi-Client 3D Geophysical Survey in the Keta Basin offshore Ghana

TG-GEOPARTNERS has announced the signing of an agreement with the Petroleum Commission of Ghana to conduct a major Multi-Client 3D Geophysical Survey in the Keta Basin, offshore Ghana. The project is expected to comprise of the acquisition of 14,000 sq. km of 3D long-offset broadband Multi-Client seismic over open Blocks that will be available for […]

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GHANA: TEMA Access LNG Gets EAIF US$ 31 Million Loan

Development set to reduce heavy fuel oil use, improve gas supply security, cut energy generation costs and significantly cut Co2 and sulphur dioxide emissions PIDG Company, the Emerging Africa Infrastructure Fund (EAIF) is lending US$31 million over 10 years to Access LNG B.V., a provider of specialist floating LNG infrastructure, to support the construction of […]

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Ghana celebrates Springfield as first indigenous energy company to produce oil in the country.

A year after its significant discovery off the coast of Ghana, Springfield has once again made history by becoming the first homegrown energy company with oil production in the country following the unitization of the Sankofa and Afina Fields. The Government of Ghana declared the two fields unitized with Afina holding 54.545% (Springfield ) of […]

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Aker Energy advances towards solution for Pecan field development

Aker Energy Ghana Limited (“Aker Energy”) reaffirms its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana. “In a time when most other E&P companies are putting development projects on the shelf due to the COVID-19 situation and historic low oil prices, Aker […]

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