Tullow Amends Interim Gas Sales Agreement in Ghana
London, 03 August, 2023, (Oilandgaspress) – Tullow announced, alongside its joint venture partners, that it has agreed an amendment to the Interim Gas Sales Agreement in Ghana. The amended agreement is valued at $2.90/mmbtu, utilising the price for Jubilee gas referenced in the 2017 Jubilee Plan of Development.
This agreement is expected to continue until the end of the third quarter of 2023. An agreement on acceptable commercial terms for export of future long-term volumes of Jubilee and TEN gas is in progress for completion by that time.
Current export volumes are c.100 mmscf/d. The pricing remains lower than the weighted average price of other sources of gas in Ghana, underscoring Tullow’s commitment to the economic development of its host nation.
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