"Ghana Navy signs MoU with TEN

" \n Ghana Navy signs MoU with TEN & Jubilee partners \n \n\n \n Tullow Ghana Limited and the Ghana Navy have signed a Memorandum of Understanding for the contracting of a Ghanaian Navy vessel to provide security services at the Jubilee and Tweneboa Enyenra Ntomme\u00a0(TEN) oil fields. \n \n\n \n The vessel, which has been acquired for the Ghana Navy with funding from the GCB Bank, will provide asset protection in the Exclusive Economic zone (EEZ) in the TEN and Jubilee fields. \n \n\n \n Tullow Ghana and the Jubilee Partners will provide a total of a $23.5million-dollars during the five-year (5 year) contract period. The five-year contract commenced on 1 st \u00a0January 2022 and will run until 31 st \u00a0December 2026. \n \n\n \n Read: Farid Antar wins CEO of the Year Award, private banking category \n \n\n \n Deputy Managing Director, Cynthia Lumor said \u201cthe Jubilee partners\u2019 commitment to support the retooling of the Ghana Navy is mutually beneficial to both parties. \n \n\n \n \u201cThis partnership will ensure the protection of the Ghanaian waters by providing security services in the TEN and Jubilee fields and along the coast of Ghana. We believe that this will further strengthen the relationship between Tullow Ghana and the Ghana Navy\u201d. \n \n\n \n Chief of the Naval Staff, Rear Admiral Issah Yakubu commended the Jubilee Partners for the collaboration, saying \u201cTullow Ghana and the Jubilee Partners have demonstrated commitment to sustainable production by this collaboration. \n \n\n \n \u201cThe Ghana Navy will ensure that we fulfil our contractual obligations to ensure a secured maritime space for the safe operation of the TEN and Jubilee fields\u201d. \n "

"Ghana Navy signs MoU with TEN

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