Tullow Ghana Limited, the operator of the offshore oil and gas projects Jubilee and TEN, has signed a Memorandum of Understanding with the Ghana Navy to provide security at the two sites.
The security contract marks the first time the Ghana Navy will use its own vessels to provide security for the two oil fields, as opposed to private vessels previously used.
This comes after the Ghana Navy received financing from the GCB Bank to purchase a new vessel that will protect oil and gas assets in the Exclusive Economic Zone (EEZ) surrounding the TEN and Jubilee fields.
Tullow Ghana and the Jubilee Partners will provide a total of $23.5million-dollars during the five-year (5 year) contract period. The five-year contract commenced on 1st January 2022 and will run until 31st December 2026.
Speaking on the signing of the MoU, Tollow Ghana’s Deputy Managing Director, Cynthia Lumor, said “the Jubilee partners’ commitment to supporting the retooling of the Ghana Navy is mutually beneficial to both parties. This partnership will ensure the protection of the Ghanaian waters by providing security services in the TEN and Jubilee fields and along the coast of Ghana. We believe that this will further strengthen the relationship between Tullow Ghana and the Ghana Navy”.
The Chief of the Naval Staff, Rear Admiral Issah Yakubu, commended the Jubilee Partners for the collaboration.
“Tullow Ghana and the Jubilee Partners have demonstrated commitment to sustainable production by this collaboration. The Ghana Navy will ensure that we fulfil our contractual obligations to ensure a secured maritime space for the safe operation of the TEN and Jubilee fields,” he said.
About The Author
