• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, May 20, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Tullow Ghana Restarts New Oil Drilling 

May 20, 2025
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
Tullow Ghana Restarts New Oil Drilling 

Tullow Ghana

Tullow Ghana and its joint venture partners have announced the commencement of a new two-year drilling campaign in the Jubilee Field, marking a significant step toward enhancing Ghana’s upstream oil production and operational resilience. 

The renewed exploration effort is expected to drive incremental production growth, enhance operational resilience, and reaffirm the company’s long-term commitment to Ghana’s petroleum industry. 

In a statement issued by Tullow Ghana, Managing Director Jean-Médard Madama described the campaign as a pivotal development in the company’s operations in Ghana. 

RelatedPosts

OPEC Criticizes IEA’s Revised Oil Demand Figures, Citing Market Implications 

U.S. Resumes LNG Export Permits to Boost Energy Security 

Energy Ministry Denies Minority’s Call for Load-Shedding Timetable

“This is an exciting moment for us. The restart of drilling reflects another milestone in our journey in Ghana and shows our confidence in the country’s resource base.

“Even as the field matures, we are confident in its capacity to deliver value—for our shareholders, partners, and the people of Ghana.” 

Jean-Médard Madama, Managing Director of Tullow Ghana

The new campaign follows the successful conclusion of a four-year drilling programme in December 2024, which saw Tullow and its partners deliver 18 wells.  

That campaign was completed six months ahead of schedule and below budget, and it earned industry praise for its safety performance and cost efficiency. 

The new campaign will be rolled out in phases, with further drilling activities planned for November 2025 and extending into 2026.  

Jean-Medard Madama, Managing Director of Tullow Ghana
Jean-Medard Madama, Managing Director of Tullow Ghana

The multi-phase approach is designed to maximise output, prolong the life of the field, and adapt to evolving geological and operational data. 

Ahead of the current restart, Tullow Ghana undertook a 16-day comprehensive maintenance programme in April 2025.  

This maintenance effort focused on upgrading systems, safeguarding operational integrity, and de-risking upcoming drilling activities to minimise downtime and optimise oil flow rates. 

Discovered in 2007 and brought onstream in 2010, the Jubilee Field has played a crucial role in transforming Ghana into a commercial oil producer.  

The field, located offshore in the Western Region, is jointly operated by Tullow Ghana, Kosmos Energy, GNPC, PetroSA, and Jubilee Oil Holdings Ltd. 

Despite entering a mature phase, Jubilee remains Ghana’s flagship offshore asset and a key contributor to government revenues, foreign exchange earnings, and local employment.  

Industry analysts view the renewed drilling effort as essential for sustaining production levels and managing natural decline rates. 

Local Content and Economic Impact 

Tullow Oil plc (Tullow)
Tullow Oil plc (Tullow)

Tullow Ghana reiterated its commitment to maximising local content and shared value creation.  

The company says it is working closely with the Petroleum Commission and other stakeholders to ensure local companies and professionals are integrated across the drilling campaign’s supply chain. 

“Our approach is centred around building capacity and deepening the role of Ghanaians in our operations.

“This campaign is not only about barrels of oil—it’s about delivering lasting benefits to the Ghanaian economy.” 

Jean-Médard Madama, Managing Director of Tullow Ghana

The campaign is being closely watched by industry observers and investors, given the importance of Ghana’s upstream sector in the broader West African oil and gas landscape. 

Oil Production
Oil Production

Continued investment by Tullow and its partners signals strong investor confidence at a time when the global oil market faces uncertainty and energy security remains a critical concern. 

The Ghanaian government has also reaffirmed its commitment to providing a stable and attractive regulatory framework for oil and gas investors. 

With this new drilling effort, Tullow Ghana is poised to reinforce its position as a key player in Ghana’s oil and gas sector while contributing meaningfully to national energy security and economic resilience. 

The campaign’s success could influence future offshore exploration and development efforts in Ghana and the region, especially as governments and companies alike seek to balance hydrocarbon development with the broader energy transition. 

READ ALSO: Cedi Gains Not Enough for Recovery – IERPP Boss Warns Against Overreliance on Global Trends 

Tags: drilling campaignEnergy investmentGhana petroleum sectorJubilee fieldoil productionTullow Ghanaupstream oil
Please login to join discussion
Previous Post

Governing Board of National Insurance Commission Inaugurated to Boost Sector Reforms

Next Post

President Mahama Hails Ghana-EU Trade Ties, Boasts of Strong Economic Gains

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

UK Suspends Trade Talks With Israel, Imposes Further Sanctions
Asia

UK Suspends Trade Talks With Israel, Imposes Further Sanctions

May 20, 2025
Michael Amoako-Atta
News

GIS Presses On with Repatriation of Foreign Street Beggars

May 20, 2025
Jennifer Lopez Sued For Posting Party Photos
Entertainment

Jennifer Lopez Sued For Posting Party Photos

May 20, 2025
Mr. Mohammed Seidu Akugri, Akugri, NHIA
General News

Outrage and Calls for Justice Over Murdered NHIA Official in Bongo

May 20, 2025
UTAG-UG on auditor-general
General News

UTAG-UG Demands Resignation Of Auditor-General

May 20, 2025
Wendy Shay Recounts Traumatic Bullying in Industry
Entertainment

Wendy Shay Recounts Traumatic Bullying in Industry

May 20, 2025
UK Suspends Trade Talks With Israel, Imposes Further Sanctions
Asia

UK Suspends Trade Talks With Israel, Imposes Further Sanctions

by Comfort AmpomaaMay 20, 2025
Michael Amoako-Atta
News

GIS Presses On with Repatriation of Foreign Street Beggars

by Evans Junior OwuMay 20, 2025
Jennifer Lopez Sued For Posting Party Photos
Entertainment

Jennifer Lopez Sued For Posting Party Photos

by Lawrence AnkutseMay 20, 2025
Mr. Mohammed Seidu Akugri, Akugri, NHIA
General News

Outrage and Calls for Justice Over Murdered NHIA Official in Bongo

by Silas Kafui AssemMay 20, 2025
UTAG-UG on auditor-general
General News

UTAG-UG Demands Resignation Of Auditor-General

by Lilian AhedorMay 20, 2025
Wendy Shay Recounts Traumatic Bullying in Industry
Entertainment

Wendy Shay Recounts Traumatic Bullying in Industry

by Comfort AmpomaaMay 20, 2025
UK Suspends Trade Talks With Israel, Imposes Further Sanctions
Michael Amoako-Atta
Jennifer Lopez Sued For Posting Party Photos
Mr. Mohammed Seidu Akugri, Akugri, NHIA
UTAG-UG on auditor-general
Wendy Shay Recounts Traumatic Bullying in Industry
[/vc_row_inner]

Recent News

  • UK Suspends Trade Talks With Israel, Imposes Further Sanctions
  • GIS Presses On with Repatriation of Foreign Street Beggars
  • Jennifer Lopez Sued For Posting Party Photos
  • Outrage and Calls for Justice Over Murdered NHIA Official in Bongo
  • UTAG-UG Demands Resignation Of Auditor-General
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.