Africa has the potential to play a leading role in global energy demand over the next few decades, given the right policy clarity and economic stability in the region.
This was the major view from Tullow at the just-ended Africa Oil Week 2023 in Cape Town, South Africa. Chief Executive Rahul Dhir, on a panel to discuss global opportunities for Africa’s energy resources, was emphatic about the need for deep collaboration between governments and operators in order for this view to be realised in the short-term.
It has been an exciting few months for Tullow in Ghana, having reached 100,000 bpod with its Greater Jubilee Field production. This is a testament to Tullow’s strategic shift in 2020, when it chose to invest more in existing assets rather than new ones. This decision led to developing the Jubilee South-East (JSE) project, which significantly boosted oil production from 70,000 to 100,000 barrels per day.
Source: Business and Financial Times
Read more: https://thebftonline.com/2023/10/19/tullows-vision-for-a-brighter-african-future/
