In line with its commitment to promoting local content participation in Ghana’s oil and gas sector, Tullow has joined forces with the Upstream Petroleum Business Academy of the Petroleum Commission (PC) to provide training to local suppliers.
The training, themed “Closing the Gap Workshop on Reverse Auctions,” was conducted by Tullow’s Chief Procurement Officer, Atul Sahay, alongside representatives from the Petroleum Commission and Tullow Ghana. The session, attended by 150 suppliers, offered comprehensive insights into Reverse Auctions, their significance in the tendering and contracting processes within the industry’s supply chain, and the broader benefits of such auctions, reinforced through case studies.
Sarah Quayson Danquah, Director of Localisation at the Petroleum Commission, expressed strong support for building a robust local capacity within the sector during her remarks at the training session. She commended Tullow for its commitment to nurturing a competitive local supplier base.
Atul Sahay, Chief Procurement Officer at Tullow, stated, “Our commitment is to develop the capacity and competence of local suppliers in the oil and gas industry in Ghana. We remain committed, as a company, to creating a sustainable and progressive marketplace for current and prospective suppliers who want to play a key role in the industry.”
Local content has consistently been a fundamental aspect of Ghana’s thriving oil and gas sector since the discovery of commercial oil reserves in 2007. Tullow, with its long-standing presence in Ghana, has been a pivotal advocate for this cause for fifteen years.
During a subsequent Market Day event organized for suppliers, Cynthia Lumor, Deputy Managing Director for Ghana at Tullow, emphasized the company’s commitment to promoting local participation, recognizing its vital role in the country’s growth, development, and prosperity.
In 2022, Tullow’s expenditure with local suppliers reached a total of $173 million, with $169 million allocated to Ghana alone, constituting 15% of the company’s local procurement spend (14% in Ghana). Over the past five years, Tullow’s total spending in this category has amounted to approximately $1.2 billion. Furthermore, the company currently employs over 72% of local nationals in Ghana, with a pledge to achieve a target of 90% within the next three to five years.