Tullow Chief Executive Officer Meets President Mahama to Discuss Key Priorities

Accra: Mr Ian Perks, the newly-appointed Chief Executive Officer of Tullow Oil, has held talks with Mr John Dramani Mahama in Accra, highlighting key priorities and the company's recent operations.According to Ghana News Agency, the meeting included discussions on a quarterly business update, refinancing of the company's capital structure, production optimisation activities, and the resolution of ongoing tax disputes. Mr Perks expressed appreciation for the government's support and collaboration, noting that with the right commitment, investment, and resources, Ghana would continue to benefit from Tullow's operations.Mr John Abdulai Jinapor, Minister for Energy, commended the existing cordial working relationship with Tullow, emphasising the importance of regular gas provision to the Ghana National Gas Company (GNGC) to sustain power supply to households and industries. Mr Ian Perks was joined by Tullow Board member Roald Goethe, Ghana Managing Director Jean-Medard Madama, and Deputy Managing Director Cyn thia Lumor. The government team included Finance Minister, Mr Cassiel Ato Forson.Tullow Ghana recently completed a planned maintenance shutdown of its two Floating, Production, Storage, Offloading (FPSOs) units, conducted a 4D seismic survey, and launched a two-year drilling campaign for six new wells between 2025 and 2026. Officials report that one well has been completed, with a second well set to be drilled in November this year, while the remaining four wells will be drilled in 2026.Additionally, the Jubilee and TEN partners recently entered into a Memorandum of Understanding (MOU) with the government of Ghana to extend the terms of the fields' licenses to 2040. The extension, which will require Parliamentary ratification, is expected to deliver material reserves additions and provide greater long-term optionality for Tullow's core assets.