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Ghana Oil Almanac

Private Entities

Overview of IOCs in Ghana

International companies engage in Ghana within the framework of Production Sharing Agreements (PSAs) in conjunction with the Ghana National Petroleum Corporation (GNPC).

Since 2003 the petroleum sector has experienced significant growth, particularly since the discovery of oil in commercial quantities at the Jubilee Field in 2007. Some of the major oil and gas contractors include Tullow Ghana, Kosmos Energy, Eni and Hess Ghana Ltd. Their subcontractors include Schlumberger, Baker Hughes, Weatherford, Ocean Rig and Technip.1

Afren

Founded in 2004, London-based Afren is an international oil company engaged in Africa. It owns assets in 11 countries including Nigeria, Ghana, Cote d'Ivoire, Nigeria, and Sao Tome & Principe JDZ, Congo Brazzaville, South Africa, Ethiopia, Kenya, Madagascar, the Seychelles, and Tanzania.2

Afren Operations in Ghana

In 2008 Afren acquired a 68% interest and operatorship at the offshore Keta block in Ghana's Volta River Basin. The partners at the block were due to drill one exploration well in the first quarter of 2012.3

Anadarko Petroleum

Type

Public Limited Company

Traded as

NYSE: APC

Founded

19594

Headquarters

Texas (US)

Key People

Mr. James T. Hackett (Chairman and CEO)

Products

Oil and gas exploration and processing.

Website

www.anadarko.com

Company Profile

Anadarko Petroleum Corporation engages in upstream, midstream and marketing activities, primarily in the US, the Gulf of Mexico and Algeria. It explores for and produces natural gas, crude oil condensate and natural gas liquids. It also processes, treats and transports oil, gas and condensates. As of the end of 2010 the company had proven reserves of 2.4 billion barrels of oil equivalent (boe). Overseas it had operations in Brazil, China, Ghana, Indonesia, Mozambique, Sierra Leone, Cote d'Ivoire, Liberia, New Zealand and Kenya.

In 2010 international business accounted for 11% of the company's total sales volumes and 25% of its 2011 oil and gas budget was allocated to international exploration and production.5

Official Accreditations and Global Perceptions

EITI

As of February 2012 Andarko Petroleum was not an EITI supporting company.6

UN Global Compact

As of February 2012 Anadarko was not a participant in the UN Global Compact.

CSR Review

  • Anadarko incorporates Best Management Practices (BMPs) that reduce greenhouse gas (GHG) emissions into their operations, including leak detection surveying and inefficient pipe replacement and replacement of older and less efficient compressors.

  • Through the 'Junior Achievement' program company representatives volunteer to teach the basic principles of business and free enterprise at local schools, and through the 'Habitat for Humanity' program the company supports efforts to build homes for deserving families.

  • According to the company website, "a safety-first culture is the way of life" at the company and in 2009 they were finalists for the Department of the Interior’s Minerals Management Service Safety Awards for Excellence (MMS SAFE Awards).7

External Coverage

  • Anadarko hit the headlines in the aftermath of the Deepwater Horizon disaster in the Gulf of Mexico, where the company was a well partner with BP. After a long dispute with BP over compensation, Anadarko agreed to pay $4 billion to settle claims related to the spill. In addition, Anadarko was to transfer its stake in the well back to BP.8

Anadarko Petroleum Operations in Ghana

History

Anadarko Petroleum was part of the Integrated Project Team (IPT) established in February 2008 to prepare the development plan for the Jubilee Field, with a 23.49% stake in the venture.9

According to Ghana Business & Finance Anadarko plans to use Ghana as a launch pad for its West Africa operations. As of 2011 the company held exploratory licenses also in Sierra Leone, Liberia and Cote d'Ivoire.10

Activities

Anadarko holds a 30.875% interest in the West Cape Three Points (WCTP) Block, operated by Kosmos Energy at the offshore Jubilee Field. The remaining partners are Tullow Oil, Sabre Oil and Gas and the Ghana National Petroleum Corporation (GNPC).11

Anadarko holds an 18% working interest in the Deepwater Tano Block, also at the Jubilee field, where Tullow is the operator. Other partners are Kosmos Energy, Sabre Oil and Gas, and the GNPC.12

The company is also a partner at the Enyenra and Tweneboa fields.13

Eni

Type

Public Limited Company

Founded

1953

Headquarters

Rome, Italy

Key people

Roberto Poli (Chairman), Paolo Scaroni (CEO)

Products

Oil and natural gas exploration, production, refining and marketing, electricity generation, oil and gas engineering and construction.

Revenue

99.48 billion: 2010 (approx. US $136.83 billion)14

Operating income

16.11 billion: 2010 (approx. US $22.16 billion)

Net income

6.318 billion: 2010 (approx. US $8.72b)

Total assets

131.86 billion: end 2010 (approx. US $181.97 billion)

Total equity

55.73 billion: end 2010 (approx. US $76.92 billion)

Employees

79,940 (end 2010)

Website

www.eni.it

Global Snapshot

Current Global Profile

Eni is one of Italy’s largest companies. It operates in the oil and natural gas, petrochemicals, and oil field services industries, and has expanded into power generation. The Italian government holds a share of more than 30% in the company15, which currently operates in more than 70 countries.16

In 2009, the European Commission announced that it had lodged formal antitrust charges against Eni after suspicions were raised that the Italian energy group conspired to keep competitors from using its gas pipelines, following initial antitrust proceedings initiated in 2007.17

Company Report Highlights

In 2010 Eni reported a net profit of €6.32 billion. Adjusted net profit saw a rise of 32% from a year ago, due to a recovery in the oil price environment. Production grew by 1.1% for the full year, thanks to delivery of 12 start-ups, particularly the Zubair field in Iraq, which contributed 40 kilo barrels of oil equivalent (kboe)/day of new production.

Highlights of recent exploration activities include a joint venture to develop the giant Junin 5 oilfield and the discovery in 2009 of the giant Perla discovery in Venezuela. Eni is leading the consortium in charge of redeveloping the Zubair field in Iraq over a 20 years period and holds a 32.8% share. 2010 also saw Eni divest its subsidiary Societa Padana Energia in Italy and sign a preliminary agreement with an affiliate of Petrobras for the divestment of its 100% interest in Gas Brasiliano Distribuidora.

CSR Activities

According to official company publications, Eni's corporate social responsibility policies and achievements include:18

  • In 2009, Eni was awarded "Best in Class" for the "Code of Conduct/Compliance" area within the Dow Jones World Sustainability Index.

  • Eni joined the Extractive Industries Transparency Initiative in 2005, with the aim of progressively integrating the concept of transparency into its management system.

  • Eni is committed to protecting and promoting human rights in all its areas of operations in compliance with the Guidelines adopted in 2007.

  • As part of a Human Rights Compliance Assessment project in 2008, two pilot projects were completed in Nigeria and in Kazakhstan; in 2009 three self-assessments were carried out in Algeria, Egypt and in the DRC.

  • The year 2007 saw the introduction of the Guidelines for the Protection and Promotion of Human Rights, where Eni set out its commitment to implementing the principles outlined in its own Code of Ethics and respecting key international standards, above all the United Nations' Universal Declaration of Human Rights.

  • When planning and constructing infrastructure for transporting energy, the route is chosen on the basis of its environmental impact.

  • Eni is committed to the environmental remediation of contaminated areas by adopting state-of-the-art technology such as bioventing and phytoremediation.

Transparency

EITI Supporter Status

As of December 2011, Eni was a supporter company of the EITI.

UN Global Compact

As of December 2011, Eni was a member of the UN Global Compact, having joined in 2001.

Eni Operations in Ghana

Eni operates in Ghana through its subsidiary Eni Ghana Exploration and Production Limited and is the operator of the Offshore Cape Three Points (OCTP) offshore license block with a 47.22% interest.19

Hess

Type

Public Limited Company

Founded

1933

Headquarters

New York, USA

Key people

John Hess (Chairman and CEO)

Products

Exploration, production and refining of crude oil and natural gas.

Revenue

$33.86 billion (2010)

Net income

$2.13 billion (2010)

Total assets

$35.396 billion (end 2010)

Total equity

$16.809 billion (end 2010)

Employees

11,610 (end 2010)20

Website

www.hess.com

Global Snapshot

Current Global Profile

Hess Corporation was founded by Leon Hess in 1933, who went on to lead the company for six decades. In 1969 Hess Oil and Chemical Company merged with Amerada Petroleum Company to form Amerada Hess. However, in 2006 the company reverted to being known as the Hess Corporation.21

Today Hess is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R). E&P activities currently cover Algeria, Australia, Azerbaijan, Brazil, Brunei, the Peoples' Republic of China, Colombia, Denmark, Egypt, Equatorial Guinea, France, Ghana,Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the UK and the US. The M&R segment manufactures petroleum products and purchases, markets and trades refined petroleum products, natural gas and electricity.

In 2011, Hess was ranked 74th in the Fortune 500 ranking of global companies by revenue.22

Company Report Highlights

Hess' Annual Report reveals that in 2010, proven reserves increased by 7% to 1,537 million barrels of oil equivalent (boe). Net income for the year showed an impressive rise of 187% to $2.1 billion, reflecting higher crude oil selling prices and increased retail and energy marketing earnings, which offset the impact of weaker refining results. Production of crude oil and natural gas liquids in the US in 2010 rose slightly, however production internationally saw a slight decline of 1.8% on 2009 figures to 218,000 barrels per day (bpd).

Significant progress was made in building Hess' position in unconventional resources over 2010. In addition to acquisitions in the Bakken shale assets in the US, 90,000 acres were secured at Eagle Ford in South Texas and internationally, and joint study agreements were signed with PetroChina and Sinopec in China. The company's capital and exploratory budget for 2011 was $5.6 billion, with the majority targeted towards E&P ($3.1 billion for production, $1.6 billion for developments and $900 million for exploration).

Results released for the Second Quarter of 2011 show that net income was $607 million, up 61.9% on figures for the same period in 2009. Oil and gas production saw a 10.4% decrease to 372,000 boe per day, primarily reflecting the suspension of production in Libya due to the revolution, as well as the sale of natural gas producing assets in the UK in February 2011.23

CSR Activities

Hess' Annual Report for 201024 highlights the following achievements on the corporate responsibility front:

  • Safety performance improved for the sixth consecutive year and their success in building a culture of safety was recognized by the US National Safety Council.

  • In Equatorial Guinea, Hess completed the fourth year of a successful partnership with the government to help transform primary education through teacher training, the development of model schools and improving the education infrastructure. In 2010, nearly 1,000 primary school teachers graduated from a two-year certification course and 1,400 first grade teachers, trainers and school inspectors completed an intensive training course in active learning methodology.

  • The company received recognition for their efforts to build a sustainable enterprise when their Corporate Sustainability Report earned an A+ under the Global Reporting Initiative.

  • Hess were ranked first in the Carbon Disclosure Project's Global 500 Energy Sector and tenth among top corporate citizens by the Corporate Responsibility Officer magazine.

  • In 2010 Hess announced a goal of a 20% reduction in Greenhouse Gas (GHG) emission intensity based on a 2008 baseline.

  • The company continued to reduce flaring in Algeria and Equatorial Guinea while increasing overall production.

Transparency

EITI Supporter Status

Hess Corporation is a supporting company of the EITI.

UN Global Compact

Hess Corporation has been a participant in the UN Global Compact since 2002.25

Hess Operations in Ghana

In June 2011 Hess announced an oil discovery at the offshore Paradise-1 exploration well, where Hess operates the well with a 90% working interest and the Ghana National Petroleum Corporation (GNPC) holds the remaining 10%.26 Hess began exploration at the well in 2008, which is found at the Deepwater Tano/Cape Three Points Block.27

Kosmos Energy

Type

Public Limited Company

Traded as

NYSE: KOS

Founded

200328

Headquarters

Dallas, Texas (US)29

Key People

Mr. Brian F. Maxted (CEO and President)

Products

Oil and gas exploration.

Employees

130 (2011)

Website

www.kosmosenergy.com

Company Profile

Kosmos Energy Ltd engages in exploration, development and production of oil and natural gas in Africa. As of 2011 it was the holder of five licenses in Ghana, Cameroon and Morocco. The company was involved in the discovery of the Jubilee Field in Ghana, which established a new, significant oil province in offshore Ghana.30

Kosmos is partially owned by private equity firm the Blackstone Group.31 In January 2011 the company announced plans to offer up to $500 million of its shares in an initial public offering (IPO), with the money destined for new exploration activity through to 2013.32

Official Accreditations and Global Perceptions

EITI

As of February 2011 Kosmos Energy was not an EITI supporting company.33

UN Global Compact

As of 2011 Kosmos Energy did not participate in the UN Global Compact.

CSR Review

  • In 2011 Kosmos, in partnership with NGO Teachers Against Malaria Epidemic (TAME), launched a three-month anti-malaria campaign at Beyin in the Jomoro District of the Western region of Ghana, dubbed the "Kosmos Energy Anti-Malaria Campaign".34

  • In September 2011 Kosmos presented a cheque worth US $2000 to the Ghanaian Navy to sponsor a member of the armed forces to pursue an eight-month postgraduate study program at the International Marine Law Institute in the US, as part of their social responsibility program.35

External Coverage

  • In 2010 Kosmos was investigated for corruption charges by US and Ghanaian officials, following allegations that the company's local partner in Ghana EO had used its links to government officials to secure favourable deals in the country's nascent oil industry. Kosmos denies the claims.36

Kosmos Energy Operations in Ghana

History

In early 2005 Kosmos Energy conducted a seismic survey to evaluate the West Cape Three Points (WCTP) Block in Ghana's Jubilee Field. In 2006 the company entered the Deepwater Tano (DT) Block, also part of the Jubilee Field in order to extend their position in the basin.37

Activities

At the WCPT block, Kosmos is the operator company and holds a 30.875% interest. The company operates the block in partnership with Anadarko, Tullow Oil and the Ghana National Petroleum Corporation (GNPC).

The petroleum agreement covering WCTP Block, like other petroleum agreements in the country, stipulates a seven-year exploration phase, during which exploration requirements are to be met and plan of development for discovered fields agreed on. The exploration phase for this block ended in July 2011.38

At the DT block, Kosmos holds an 18% interest. This block is operated by Tullow, with the remaining interests held by Anadarko, Sabre Oil and Gas and the GNPC.

An agreement for the sale of Kosmos' stake in the Jubilee field to ExxonMobil was halted by the Ghanaian government, which has since indicated its interest in buying the stake itself.39

Environmental Record

Kosmos has experienced several mishaps during the development of the Jubilee field. The company acknowledged spilling toxic drilling mud on three occasions, including a spill of around 600 barrels of oil in December 2009. Press reports claim that the Ghanaian government fined Kosmos $35 million for negligence, a fine which the company ultimately did not pay after challenging its legal basis.40

Lukoil

Type

Public Limited Company

Founded

1991

Headquarters

Moscow, Russia

Key people

Vagit Alekperov (CEO)

Products

Petroleum and derived products, petrol stations

Revenue

US $104.96 billion (2010)

Net income

US $9.119 billion (2010)

Total assets

US $84.02 billion (2010)

Total equity

US $59.61 billion (2010)

Employees

130,000 (end 2010)

Website

www.lukoil.com

Global Snapshot

Current Global Profile

Lukoil is a major Moscow-based international vertically-integrated oil & gas company, accounting for 2.2% of global output of crude oil and is the largest privately owned oil & gas company in the world by proved oil reserves.41 In 2011, Lukoil ranked in 69th place in the Fortune Global 500 List of the most valuable countries in the world.42 The company was formed following the dissolution of the Soviet Union when three state-run western Siberian companies (Langepasneftegaz, Uraineftegaz and Kogalymneftegaz) merged and the initials of the original three companies were maintained to form the new company name.43. According to the New York Times, CEO Alekperov has kept an unusually low profile in Russian politics.44

In 2011, Lukoil claimed proved reserves of more than 19.3 billion barrels of oil equivalent (boe), the majority of which is located in Russia. It had operations in 60 regions in Russia and 25 other countries, and owned seven refineries and 6,750 gas stations. A significant 89.8% of the company’s proved reserves and 90.6% of marketable hydrocarbon production are in Russia, but the company also explores for oil and gas in Azerbaijan, Colombia, Egypt, Iran, Kazakhstan, and other areas in the Middle East and Central Asia.45

In July 2010 US oil major ConocoPhillips sold its entire 20% stake in Lukoil, valued at around $9 billion. Lukoil agreed to buy back 7.6% of its stock from ConocoPhillips for $3.44 billion.46

Company Report Highlights

According to Lukoil's 2010 Annual Report, the Group's business progressed well in 2010 as the world made a gradual recovery from the financial crisis.

Net income increased for 2010 increased by 28.5% to $9,006 million, which helped to increase income for shareholders. Lukoil reacted to the decision by ConocoPhillips to exit its shareholding in Lukoil by carrying out one of the largest ever buyback transactions on the Russian market, in excess of $3.4 billion.

In the Exploration and Production segment, the company increased its hydrocarbon output thanks to strong growth of gas production, rapid development of international projects and stabilization of production levels in Western Siberia. Daily hydrocarbon production by the Group rose by 1.2% to 2.24 million barrels of oil equivalent (boe) per day. A major achievement in the company's exploration business over 2010 was the discovery of a deepwater oil field on the continental slope of the Gulf of Guineau in Ghana.

CSR Activities

According to Lukoil's official website, the following corporate responsibility achievements can be highlighted for 2010:

  • A 4-fold reduction in the discharge of contaminated waste water, due to measure taken to enhance the efficiency of treatment facilities.

  • Hazardous waste products decreased by 56,000 tons over the year.

  • Special attention was paid to the construction of facilities to utilize associated gas produced during operations in the Republic of Kazakhstan, including the construction of electricity-generating facilities.

  • The sponsoring of a number of orphanages in Western Siberia, Komi Republic, Volgograd, Astrakhan, Leningrad, Kirov, Vologda, Saratov, Kaliningrad and other regions, over the past 20 years.

  • In order to promote socially responsible behaviour, the company adheres to the corporate Social Code published on its website, by creating internal mechanisms on both management and trade union levels.47

Transparency

EITI Supporter Status

As of December 2011, Lukoil was not a supporter company of the EITI.

UN Global Compact

As of December 2011, Lukoil was a participant in the UN Global Compact, having joined the initiative in 2008.

Lukoil Operations in Ghana

Lukoil leads a joint-venture in Ghana with partners Vanco and the Ghana National Petroleum Corporation (GNPC) to explore and produce at the offshore Cape Three Points Block. The venture was established in 2006. In October 2010 the Vice President of 'Lukoil Overseas' said that the company's exploration project in Ghana will almost certainly lead to commercial exploitation.48

Sabre Oil and Gas

Sabre Oil and Gas was incorporated in 1989 and engages in production of oil and natural gas. It is based in Pennsylvania (US).49

Sabre Oil and Gas Operations in Ghana

In Ghana Sabre Oil and Gas has stakes in two blocks bestraddling the Jubilee Field. At the West Cape Three Points (WCTP) Block it holds a minority 1.854% interest (with partners Anadarko Petroleum, Kosmos Energy, Tullow Oil, the EO Group, and the GNPC). At the Deepwater Tano (DT) block, Sabre Oil and Gas holds a 4.05% interest (in partnership with Anadarko Petroleum, Tullow Oil, Kosmos Energy and the GNPC).50

Tullow Oil

Type

Public Limited Company

Traded as

LSE: TLW

Founded

198551

Headquarters

London (UK)

Key People

Mr. Aidan Heavey (CEO)

Products

Oil and gas exploration.

Employees

935 (2011)

Website

www.tullowoil.com

Company Profile

London-based Tullow Oil plc engages in the exploration, development and production of oil and gas in Africa, Europe, South Asia and South America, with approximately 100 production and exploration licenses in 22 countries. As of June 2011 the company had 1,509 million barrels of oil equivalent (boe) in commercial and contingent reserves.52

In June 2011 Tullow became one of the first major Western upstream oil companies to list in Africa when it offered shares on the Ghana stock exchange (GSE). Already listed in Dublin and London, according to the head of investor relations the move was part of a longer term strategy of African investment. In 2011 African operations accounted for $1.3 billion of the company's $1.5 billion of total capital expenditure, and is increasingly becoming the focus of the company's operations.53 Trading of Tullow shares on the GSE commenced on 27 July 2011.54

Tullow Group Scholarship Scheme (TGSS)

In January 2012 Tullow launched the TGSS, in partnership with the British Council, an academic sponsorship scheme aimed to develop local skills and expertise in the oil industry. This followed on from a pilot phase launched in 2011. The scheme supports postgraduate degrees, technical training and vocational studies, in order to benefit long term socio-economic growth in the countries where it operates.

The scheme aims to award up to 110 scholarships over 2012 across the following countries: Ghana, Uganda, Kenya, Ethiopia, Gabon, Mauritania, Cote d'Ivoire, French Guyana and Bangladesh.55

Official Accreditations and Global Perceptions

EITI

Tullow Oil has been an EITI supporting company since May 2011.56

UN Global Compact

As of February 2012 Tullow Oil was not a participant in the UN Global Compact, however the company's 2008 CSR report lists aligning with the initiative as one of their long-term corporate goals.57

CSR Review

According to the company's 2010 Corporate Responsibility Report the following can be highlighted:

  • Health and Safety: In 2011 and independent malaria management audit was to be carried out with the aim of putting in place a world-class malaria management programme for contractors and employees.

  • As a response to the Deepwater Horizon spill in the US Tullow reviewed well engineering, oil spill response and control of well insurance limits.

  • The company formed a new social enterprise committee for their programme targeting education and training to create employment opportunities and enterprise development locally. In 2010 the company invested $2.6 million in social enterprise projects.58

External Coverage

  • According to Pipeline Dreams, in Uganda Tullow was involved in a political scandal involving corruption allegations. In 2011 the Ugandan government blocked Tullow's sale of some of its Ugandan holdings to Total and CNOOC pending an investigation. Tullow categorically denied the allegations.59

  • According to Ghana Web Tullow, along with other international oil companies (IOCs) including Kosmos operating at the Takoradi Air Force Base in West Ghana had defaulted on their electricity bills for as much as seven years, and were threatened with being taken off the national grid. The oil companies denied failing to pay their bills.60

Tullow Oil Operations in Ghana

History

Tullow Oil first signed licenses in Ghana in 2006 and first discovered oil at the Jubilee well in 2007, the first development of the field beginning in March 2008.61

Tullow's principal properties in Ghana include the Jubilee Field and the Odum, Enyenra, Tweneboa, and Teak fields.62

According to Ghana Business News the company’s recent exploratory successes in the Jubilee and adjoining fields have made Ghana one of their most important concessions worldwide.63

Activities

In Ghana Tullow operates through its subsidiary, 'Tullow Ghana Limited' and has interests in two exploration blocks at Deepwater Tano and West Cape Three Points. Tullow is operator of the Jubilee Field, straddling both blocks.

In July 2011 Tullow acquired the Ghanaian interests of EO Group Limited for $305 million, increasing the company's interest in the West Cape Three Points license area by 3.5% to 26.4%, and increasing the interest at the Jubilee Field by 1.75% to 36.5%.

Tullow also has a 49.95% interest in the deepwater Tano license are, including the Enyenra and Tweneboa fields.64 In October 2011 Tullow signed a one-year contract with services company Seadrill Limited to secure its deepwater semi-submersible rig 'West Leo' for its operations at the Tano offshore block.65

In January 2012 Tullow announced that it had found oil at an appraisal well at the Ntomme Field, where oil with a gravity of 35 API.66

Sponsorship Programs

As part of Tullow's Tullow Group Scholarship Scheme (TGSS), Tullow was to offer 50 scholarships to Ghanaian nationals. Ten of the available scholarships were set aside for scholars from the six coastal districts of the Western region bordering the Jubilee Field.

Ghana's Energy Minister said that he hoped the scheme would give practical meaning to the country's quest for indigenization of the work force in the oil and gas industry.67

Weatherford International

Founded in 1972, Texas-based Weatherford International is an oilfield services company, providing equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells to oil and natural gas producing companies worldwide. The company's shares are listed on the New York Stock Exchange.68 Weatherford is one of the largest oilfield service companies in the world, operating in more than 100 countries and employing more than 50,000 people worldwide as of 2011.69

Following the Deepwater Horizon disaster in the Gulf of Mexico in 2010, Weatherford's US subsidiary reached a settlement in June 2011 with BP under which it paid the British company $75 million to spend on its Gulf Coast Recovery Fund.70

Weatherford International Operations in Ghana

Weatherford International's Ghana operations are headquartered in Takoradi71 and the company was contracted to work on pre-commissioning and commissioning services on the offshore Jubilee Field Development project.72

In 2011 Weatherford Ghana Ltd was the source of some controversy when some workers were locked out of the company for demanding better working conditions. However the workers resumed work on the 29 November 2011 following the signing of a Memorandum of Understanding (MoU) addressing their grievances. The workers had also alleged that the company had discriminated against them and given preferential treatment to the 38 expatriate staff, an accusation refuted by Weatherford.73

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