TULLOW Ghana has, within the last 20 months, awarded $154.7 million worth of contracts to local contractors and service providers for the offshore Jubilee and Deep Tano projects.
According to the Communications Manager of Tullow, Mr Gayheart Edem Mensah, out of a total contract value of $246.2 million awarded during the period, foreign companies had only $91.5 million.
He said in absolute terms, 1,282 out of a total of 1,591 contracts that Tullow Ghana awarded during the period went to local contractors and 309 to foreign contractors.
In an interview with the Daily Graphic, Mr Mensah said this year alone, 655 contracts valued at $103 million had been awarded to local contractors, compared to 135 valued at $8.8 million, awarded to foreign companies.
He said Tullow was committed to local enterprise to ensure local participation, which would ensure the growth of the country.
“Tullow Ghana remains fully committed to promoting local content in all areas of its operations. This is in line with the company’s long-term plans to be in Ghana for the long haul,” he said.
He said it was important to note that Tullow would offer the needed support to local service providers to bring them up to the standard desired by the oil industry.
Mr Mensah said to actualise its move to equip local companies, Tullow was organising workshops and training sessions on business development and environmental health and safety for suppliers whose capacities were not up to the expected standard.
He said Tullow had the prerogative to subscribe to any standards and processes that, in its view, protected life and property at its work sites to enhanced performance.
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