Following his recent appointment as Tullow Chief Executive, Ian Perks has met with Ghana’s President John Dramani Mahama at the office of the Presidency in Ghana’s capital, Accra.
The meeting, which included a quarterly business update by Tullow to the President, outlined Ian’s key priorities – refinancing Tullow’s capital structure, production optimization activities and resolution of ongoing tax disputes.
The year has been a busy one for the leading operator in Ghana, following the completion of planned maintenance shutdowns of its two FPSOs, a 4D seismic survey and the launch of a two-year drilling campaign for six new wells between 2025 and 2026. Already one well has been completed, with a second well set to be drilled in November this year. The remaining four wells will be drilled in 2026.
Recently, the Jubilee and TEN partners 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.
During the meeting with President Mahama, Ian Perks expressed appreciation for the collaboration and support of the government for Tullow’s operations in Ghana.
He added that with the right commitment, investment and resources, Ghana and other stakeholders will continue to realise the full benefit of the national assets entrusted to Tullow.
On the part of government’s expectations, Energy sector Minister John Abdulai Jinapor commented on the effective working relationship with Tullow and emphasized that the regular gas provision by Tullow to Ghana National Gas Company (GNGC) remains critical to sustaining power supply to the country’s households and industries.
Ian Perks was joined by Tullow Board member Roald Goethe, Ghana Managing Director, Jean-Medard Madama and Deputy Managing Director, Cynthia Lumor. The government team included Energy Minister John Jinapor and Finance Minister Cassiel Ato Forson.
