Tullow Ghana Limited has organised a two-day capacity building seminar on the theme ‘Joint Venture and Permitting’ for indigenous Ghanaian companies in the oil and gas industry at the Labadi Beach Hotel.
The seminar aimed at building the capacity of indigenous companies to competitively produce and supply goods and services to meet international standards, as well as build local skills and develop the Ghanaian workforce to make them marketable in Ghana and internationally.
Local Content Manager at Tullow Ghana, Jennifer Bruce-Konuah said: “Our supplier development initiatives are aimed at developing an industry run by nationals through training, knowledge-transfer and employment. Also, we are supporting local businesses to enter the oil and gas supply chain sector – either directly as suppliers to International Oil Comapanies (IOCs) or through the formation of effective partnerships with experienced international companies”.
She indicated that between 2013 and now, Tullow has engaged and impacted over 1,400 local businesses through its supplier development initiatives.
According to Ms. Bruce-Konuah, Tullow Ghana’s 2019 target is to achieve 80 percent of contract commitments with local business participation, and also achieve a 25 percent spend specifically with indigenous companies. “Between 2010-2018, US$10.66bn out of a total of US$16.4bn worth of contracts were awarded to indigenous and joint venture companies with indigenous equity participation.”
Earlier, a rep from the Petroleum Commission, who spoke at the seminar, indicated that they have increased their monitoring of joint venture companies in the industry.
“We want to see that any Ghanaian company that has entered into an arrangement with a foreign company has staff which have been employed and there is some skill being transferred to the local staff. If it is in the area of technology, for instance, we are interested in how they envisage taking over or learning that technology so that they can be equipped and able to stand on their own.”
The Commission added that it is currently creating awareness that indigenous Ghanaian companies on their own can bid for contracts. The ‘Joint Venture & Permitting’ seminar put on by Tullow Ghana Limited was attended by JLD & MB Law Firm, Invest in Africa and indigenous Ghanaian companies.