Tullow has sunk $10.6bn into local companies – Awotwi

Tullow Oil has in the past decade pumped $10.6 billion into Ghanaian companies, Executive Vice President of Tullow Ghana, Mr Kweku Awotwi has said. Speaking at the Ghana Oil and Gas SME Exhibition Summit and Dinner on Monday, 6 May 2019 on the theme: “Strengthening Diaspora Participation in Ghana’s oil and gas sector”, Mr Awotwi said: “Ladies and gentlemen, participation in Ghana’s oil sector is not just about recruitment and employee development...


Tullow Oil has in the past decade pumped $10.6 billion into Ghanaian companies, Executive Vice President of Tullow Ghana, Mr Kweku Awotwi has said.

Speaking at the Ghana Oil and Gas SME Exhibition Summit and Dinner on Monday, 6 May 2019 on the theme: “Strengthening Diaspora Participation in Ghana’s oil and gas sector”, Mr Awotwi said: “Ladies and gentlemen, participation in Ghana’s oil sector is not just about recruitment and employee development. Businesses can also tap into diverse opportunities in the oil and gas value chain.

“Tullow Ghana has done quite a bit reserving specific contracts for Ghanaians operating in sectors such as technical services, logistics & materials, procurement, communication, security and marine services.

“Over the last 10 years, contracts totaling $10.6 billion have been awarded to indigenous Ghanaian Companies & JVs in which Ghanaian companies are partners”, Mr Awotwi said, adding: “The expansion of Ghana’s upstream sector, with new entrants coming in, sets the sector up nicely for further growth”.

Read Mr Awotwi’s full speech below:

Ghana Oil and Gas SME Exhibition Summit and Dinner

Monday 6th May 2019

Theme: “Strengthening Diaspora Participation in Ghana’s oil and gas sector”

Kweku Awotwi, EVP and MD Tullow Ghana

Key note address

• Minister for Energy,

• Deputy Ministers of State,

• Members of Parliament

• CEO of the Petroleum commission

• Heads of institutions (Ministries, Departments and Agencies MDAs)

• Chief Executives and Managing Directors of IOCs

• Our Hosts, the American Chamber of Commerce in Ghana

• Oil and Gas industry professionals

• Distinguished ladies and gentlemen.

Good evening.

Thank you to the American Chamber of Commerce in Ghana for inviting Tullow Ghana to the Ghana Oil and Gas SME Exhibition Summit and Dinner. It is very nice to see so many familiar faces outside Ghana and have an opportunity to speak and share ideas about issues of major importance to us all.

Attending conference events such as OTC, allows us to reflect on the strides Ghana’s oil and gas sector has made, reminds us of our privileged role and responsibility to propel the growth and development agenda that allows Ghana and its people to reap the benefits of a sector as important as ours.

Ladies, and Gentlemen, one of the ways to do this is by “Strengthening Diaspora Participation in Ghana’s Oil and Gas sector” through Localisation, Local content and Supply Chain initiatives. Production from our two assets, Jubilee and TEN, continues to present an exciting opportunity for Ghana and Tullow to build world class competitive in-country capability as well as draw on the competencies of Ghanaian technical professionals from the diaspora. For Tullow Ghana, this allows us to recruit highly talented personnel with great potential to deliver on Tullow’s operations, and support the oil and gas value chain. As a result, we have made great progress in our decade-long localisation and local content vision.

A combination of local and internationally trained professionals across the technical and non-technical fields make up Tullow Ghana’s workforce. Ghanaian nationals at 64 % and expatriate staff at 36%. Ghanaian nationals make up 63% of our leadership team. With 44% of our technical staff being Ghanaian nationals and 64% expatriate staff, we continue to focus on localisation in the technical areas to drive our oil portfolio, and the future of Ghana’s oil and gas sector.

Ladies and gentlemen, Tullow continues to make strides in recruiting efforts for professionals in the diaspora. Since 2008, we have recruited professionals in GEOSCIENCE, PETROLEUM ENGINEERING AND OPERATIONS from the diaspora to support our localisation agenda. Houston, known for its oil and gas industry, represents a source of great opportunities to strengthen diaspora participation in Ghana’s oil and gas sector. Of course the development and progression of all our employees remain priorities for us, and we continue to seek a fair balance between in-country and diaspora recruitment and training and developing existing employees. It is one of the reasons Tullow invests in capacity building.

Ladies and gentlemen, participation in Ghana’s oil sector is not just about recruitment and employee development. Businesses can also tap into diverse opportunities in the oil and gas value chain. Tullow Ghana has done quite a bit reserving specific contracts for Ghanaians operating in sectors such as technical services, logistics & materials, procurement, communication, security and marine services. Over the last 10 years, contracts totaling $10.6 billion have been awarded to indigenous Ghanaian Companies & JVs in which Ghanaian companies are partners.

The expansion of Ghana’s upstream sector, with new entrants coming in, sets the sector up nicely for further growth.

But I suppose one on the key questions today is, how can the diaspora leverage these positive changes and potential new prospects in the oil and gas value chain where many have already achieved success? Ladies and gentlemen, by drawing on the experience of others, partnering successful companies, using the right technological innovation and investing. This also benefits and grows the Ghanaian economy. I expect to see a further burst of activity in the years ahead.

Finally, ladies and gentlemen, I am confident, that if Ghana continues to sustain an environment of good governance and a reliable legal and regulatory regime, it will attract other IOCs as well as individuals and businesses in the diaspora to participate in Ghana’s oil and gas sector. I urge us all to do our utmost to make our oil and gas sector a credible, viable and prosperous one. I thank you for your attention.



Source: Ghana/ClassFMonline.com/91.3FM



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