By
Justina Paaga/Joseph Wiyorbie, GNA
Takoradi, Oct. 10, GNA – Tullow Ghana Limited
(TGL) has pledged its commitment to providing 200bcf foundation gas to Ghana
Gas to support power generation.
Tullow Ghana limited is currently supplying
about 25 per cent of gas needed to generate power in the country, which has
gone a long way to minimise power outages.
Ms Cynthia Lumor, the Director of External
Affairs, TGL, made this known during a media encounter dubbed: “The Journey So
Far; From Exploration to Production”.
She said TGL was committed to accelerating
Ghana’s socio-economic development noting that it had, over the past 12 years,
invested 15.6 billion dollars in the economy.
Ms Lumor said 2.5 billion dollars was invested
in exploration and appraisal while 13.1 billion was spent on development and
production.
She said the Jubilee and TEN oil fields alone
contributed six per cent of Ghana’s Gross Domestic Product (GDP) and had
awarded contracts worth 15.1 billion dollars to both local and international
companies.
She said 5.6 billion dollars of contracts went
to foreign companies, eight billion to joint companies and 1.5 billion was
given to local companies.
Ms Lumor noted that the company would continue
to support the communities in which it operates and that 3.3 million dollars
had so far been spent on capacity building for Ghanaians.
She said 29.6 million dollars had been spent
on socio-economic investment such as Science, Technology, Engineering and
Mathematics (STEM) and support to local communities.
She said TGL had put paramount value on safety
and that the company, in its long years of operations, had not recorded any
fatalities.
The company was working at reducing to zero
‘time lost frequency,’ she said.
Ms Lumor said the company would soon embark on
media capacity building in Oil and Gas to enable journalists to report
accurately on the sector.
She said it would continue to collaborate with
key stakeholders such as traditional authorities and the media to ensure
optimal growth of the industry.
GNA