Business News of Wednesday, 7 March 2012

Source: GNA

Tullow augments efforts to deepen students' understanding of Jubilee's operations

Tullow Oil Ghana Limited's (TGL) efforts to deepen students’ understanding and appreciation of employment prospects in the oil and gas industry experienced a boost when last week, management of the company organised a career fair in Kumasi.

The fair, which took place on the campus of Kwame Nkrumah University of Science and Technology (KNUST), was organised in partnership with other companies and formed part of TGL’s efforts to engage with wider student community in Ghana and to find the best talent for the fledging oil and gas and allied industries.

This was contained in a press statement issued by the Corporate Affairs Department of TGL and copied to the Ghana News Agency in Accra on Wednesday.

It said management used the occasion to “sell” the company’s employer brand especially to students at the Engineering Faculty of KNUST and to educate them on career prospects in the allied industry.

The release said the Learning and Development Team and some members of the Asset Team of TGL (made up of KNUST alumni,) engaged the students in a hearty and interactive session on economic fortunes in the oil and gas industry.

Other corporate entities that participated in the fair included Golden Star, Transocean, Cummins, Tenaris, AngloGold, Google, Chavern, and Meltwater.

TGL is a leading independent oil and gas exploration and production group, with an interest in more than 90 exploration and production licences in Africa, Europe, South Asia and South America.

In recent times, management of TGL had doubled its efforts to deepen the understanding of Ghanaians, especially students, on the oil and gas industry, by organising series of road shows, exhibitions and career fair throughout the country's regional and district capital to bring operations at the Jubilee Field to the doorsteps of Senior High School Students.

So far, the exhibitions organised had showcased the history of oil formation, information on all the steps taken in oil exploration and production in Ghana (with a specific focus on the Jubilee oil field), the process of refining oil, and the uses of and products derived from oil.

In Ghana, following the discovery of oil at the Jubilee Field in 2007, the Field which consisted of Odum, Mahogany-2, Heydua-2 and Mahogany-3 wells, was developed by the company.

The field delivered first oil in December 2010 and by May 2011, the field was said to be producing 70,000 barrels of oil per day from five wells.

TGL has interests in two exploration licences offshore in Ghana where, in 2007, two successful exploration wells discovered the substantial Jubilee field which straddles the boundary between the two blocks; Deepwater Tano and West Cape Three Points.

In March 2009, a further major discovery was made in the Deepwater Tano block; the Tweneboa-1 exploration well discovered a highly pressured light hydrocarbon accumulation.

This was followed by the successful Tweneboa-2 well announced in January 2010 which encountered oil and gas-condensate six kilometres south of the original discovery.

The Owo-1 well result in July 2010 successfully encountered 53 metres of net oil pay and was followed by the Owo-1 sidetrack which encountered a further 16 metres of net oil pay and an additional 19 metres of gas or gas-condensate in two deeper channels.

According to TGL, since the start-up of production at the end of 2010, more than 22 million barrels of oil had been produced and 21 oil cargoes safely exported.