Tullow Ghana, a subsidiary of Tullow Oil, which is one of the largest independent oil and gas exploration and production companies with a focused portfolio of world-class assets, as part of its commitment to increase local participation in Ghana’s oil and gas industry, has launched its maiden edition of the “Tullow Supplier Market Day”
Mr. Wissam Al-Monthiry, Tullow Ghana’s Managing Director, addressing the gathering, explained the importance of the Suppliers Market Day initiative. He thus extolled the relevant roles that suppliers play in Tullow Ghana’s operational development.
“Supplier development remains an important component of Tullow’s local content strategy. The Supplier Market Day is one of our key local content initiatives intended to enhance Tullow’s visibility of opportunities that allows us to deepen participation through regular quarterly engagements with the supplier community and our procurement teams.”
Mr. Wissam Al-Monthiry
According to Mr. Wissam Al-Monthiry, the maiden event is a success as suppliers reported having had a fruitful open dialogue with Tullow’s Supply Chain team on procurement and contracting processes and future plans.
The Birthing of Tullow Supplier Market Day
Mr. Wissam Al-Monthiry further explained that the Tullow Supplier Market Day initiative was birthed out of direct feedback received from suppliers who expressed their desire to learn more about the company’s procurement methods, improve their chances of winning tenders, correct shortcomings with bid submissions, and gain insights into the company’s procurement plans. He added that since the inception of its operations, Tullow has consistently rolled out initiatives that allow the company to boost indigenous participation in Ghana’s oil and gas sector.
Meanwhile, recent successful initiatives include; the Marine Sector adoption strategy which led to the contracting of the first Ghanaian-owned, Ghanaian-flagged vessel, Ghanaian-manned vessel, and Ghanaian-registered vessel, providing services in the Jubilee and TEN fields, and the contract scope reservations for ingenious companies amongst others.
Mr Al-Monthiry stated that the company intends to continue its efforts to develop local capacity and participation in further initiatives planned for next year.
The Tullow Supplier Market Day is a quarterly aimed at providing suppliers with a platform to provide direct feedback to Tullow’s procurement team on procurements and contracts, provide visibility of Tullow’s procurement plans, discuss opportunities to increase local participation scopes and improve local capacity amongst other procurement topics.
The event was attended by over 120 indigenous supplier companies and joint venture companies, including; Amaja Tubular Services Limited, BAJ Freight and Logistics, F. Malawi Engineering Company Ltd, Ghana Navy, GLICO Healthcare, Halliburton Operations Ghana Limited, Petrofac (Ghana) IJV Limited, PHI Century Limited, TechnipFMC Ghana and Vodafone Ghana to mention a few.
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