Appointment of New Tullow MD still in limbo

Checks by ghextractivesnews.com reveals the is still some uncertainty surrounding the appointment of a new MD by oil giant Tullow Ghana. The oil firm in may announced its MD Kweku Awotwi will step down to paveway for a new MD.

Our checks also reveal  Tullow is still in talks with government over the replacement of its outgoing MD Kweku Awotwi.

Mr Awotwi was expected to step down on June 30 after serving as MD and first Ghanaian MD to be promoted executive vice president position at Tullow Plc.

 But government has questioned the firms decision to replace Mr Kweku Awotwi with   Wissam Al-Monthiry as new MD of Tullow Ghana with effect from July without its input.

Deputy Energy Minister Dr Muhammed Amin Adam earlier to Accra based Joy TV the firm did not consult government prior to the appointment of the new MD.

The development has led to the halt in the takeover of Mr Awotwi ‘s position by the new incoming Managing Director.

Checks by ghextractives.com at the Energy ministry reveals the two parties are still in talks to resolve the impasse to pave way for the takeover of the new position by Mr Awotwi ‘*successor.

Awotwi’s Legacy

During Mr Awotwi tenure, the Tweneboa-Enyenra-Ntomme (TEN) fields produced their 50 millionth barrel of oil. There was good progress in the turret remediation project (TRP), which is now in its final stages, with the oil offloading system ready for installation.

His operations team has also delivered significant improvements in the stable production of oil and gas from Ghana’s two floating production storage and offloading units (FPSOs).

Awotwi built strong relationships with the government and was a key player in the development of the current legislative framework for the company to pursue near field exploration opportunities.

He was previously chief executive of the Volta River Authority and then chairman, but retreated from the VRA after successive governments declined to take a hard line on electricity pricing after coming into office in 2017.

Most recently, he has provided leadership to the Ghana team during a turbulent period for the company and the petroleum sector, overseeing substantial organisational changes.

By Fred Dzakpata

Gh Extractives

Ghextractives.com is an independent multimedia portal that seeks to provide credible information and news content to readers especially players in the extractive sector in Ghana, Africa and beyond. It also provides a unique platform for players in the energy sector to market their products and reach a wider audience

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