The lead operator of Jubilee and TEN oil fields, Tullow Oil Ghana has delivered sixth fully furnished 16-unit dormitory block to the Annor Adjaye Senior High School in the Jomoro Municipality of the Western Region.
Oil giant, Tullow Oil, is expecting to rake in $200 million in free cash flow at an average oil price of $95 a barrel in 2022.
Tullow Ghana has completed its 12th Sustainable Kindergarten project at the Aboadze-Abuesi Basic School in the Shama District of the Western Region.
Tullow said flaring off Ghana drove the 2021 increase. This, it reported, was “required for better reservoir management and sustained production levels”. In 2021, flaring accounted for 461,700 tonnes of hydrocarbons, up from 424,200 tonnes in 2020.
Absa Bank Ghana has signalled its commitment to closely collaborate with leading energy companies such as Tullow Ghana, in developing the oil and gas sector.
Among the world’s many oil-producing countries, a few are positioned to jump the list and become increasingly active. They include the West African nation of Ghana, along with Guyana and Suriname, two small adjoining countries on the north Atlantic coast of South America.
Tullow Oil Plc, which operates the Tweneboa Enyenra Ntomme (TEN) and Jubilee oil fields, has announced a capital expenditure (capex) of US$270million for its Ghana operations.
Tullow Oil has reported a huge drop in its annual losses and a decline in its net debt levels, whilst also saying production levels at its core offshore oil-producing assets in western Africa could surge in the next few years, but its shares still tumbled.
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
Tullow Oil plc, the independent oil and gas exploration, and production group has announced its full-year results for the year ended 31 December