Mr Kweku Awotwi (3rd right), Ms Cynthia Lumor (2nd left) of Tullow, Ogyeahoho Yaw Gyebi II (right), the President of the Western Regional House of Chiefs, Mr Sekyere Abankwah (3rd left), the Board Chairman of the Petroleum Commission. Behind Mr Abankwah is Mr Egbert Faibille Jnr. with other members of the Ghana team after the ceremony Indigenous Ghanaian businesses and joint ventures executed upstream oil and gas contracts totalling $10.6 billion in the last 10 years, Tullow Oil Ghana has disclosed.
The Executive Vice-President of Tullow Oil Ghana, Mr Kweku A. Awotwi, who announced this at the just-ended Offshore Technology Conference (OTC) in Texas, Houston in the United States, said the expansion of the country’s upstream sector, with new entrants coming in, set the sector up for further growth.
At a Ghana Day forum at the OTC, an event put together by the Ghana Houston Business Chamber, Mr Awotwi said participation in the country’s oil sector should not be limited to or just about recruitment and employee development, “it should be settings, where businesses can also tap into diverse opportunities in the oil and gas value chain”.
Purely indigenous
Tullow Ghana, Mr Awotwi said, had done quite a bit by reserving specific contracts for Ghanaians operating in sectors such as technical services, logistics and materials, procurement, communication, security and marine services. Ghana News Headlines
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“But I suppose one of the key questions today is, how can the diaspora leverage these positive changes and potential in the oil and gas value chain where many have already achieved success?” he asked.
The executive vice-president observed that deploying the right technological innovation, drawing on the experience of others, partnering successful companies and investing in the country’s upstream sector would see more prospects for the benefit of all stakeholders. “I expect to see a further burst of activities in the years ahead,” he said.
Mr Awotwi expressed the confidence that if Ghana continued to sustain an environment of good governance and a reliable legal and regulatory regime, “it would attract other international oil companies (IOCs), as well as individuals and businesses in the diaspora to participate in Ghana’s oil and gas sector”.
Prospects
Making the country’s oil and gas sector a credible, viable, utmost and prosperous one, Mr Awotwi said, remained the responsibility of all within the country’s oil and gas space.“Production […]
