Tullow Ghana Limited (TGL) has pledged its commitment to providing 200bcf foundation gas to Ghana Gas to support power generation.
It currently supplies about 25 per cent of gas needed to generate power in the country, which has gone a long way to minimise power outages.
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 in the economy.
Ms. Lumor said $2.5 billion was invested in exploration and appraisal while $13.1 billion was spent on development and production.
The company’s Jubilee and TEN oil fields alone, she noted, contributed six per cent of Ghana’s Gross Domestic Product (GDP) and had awarded contracts worth $15.1 billion to both local and international firms.
She said $5.6 billion of contracts went to foreign companies, $8 billion went 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 had so far been spent on capacity building for Ghanaians.
She said $29.6 million 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.