KEY POINTS
- Noble Corporation’s $171 million deal with Tullow Ghana involves six wells, enhancing Ghana’s offshore exploration starting in May 2025.
- The project strengthens Tullow Ghana’s offshore capabilities, aligning with their goal of optimizing energy asset potential in Ghanaian basins.
- Economic benefits include advancing Ghana’s energy market, creating opportunities, and promoting sustainable energy use through cutting-edge drilling technologies.
Noble Corporation has secured a $171 million agreement with Tullow Ghana for offshore drilling activities, representing an important advancement in the energy sector’s growth in the West African country.
The contract will allow Noble’s Noble Venturer drillship to drill six wells over a span of 360 days, starting in May 2025.
The initial two wells are anticipated to be completed within 120 days, after which planned maintenance of the drillship will continue until the end of 2025. Drilling for the last four wells is scheduled to resume in January 2026.
Strategic importance
The initiative seeks to enhance Tullow Ghana’s exploration and production skills, in line with its objective of optimizing the asset potential in the offshore basins of Ghana.
Blake Denton, who serves as Noble’s senior vice president for marketing and contracts, highlighted the wider influence of the collaboration:
“This campaign will not only advance Tullow Ghana’s exploration objectives but will also play a pivotal role in enhancing the Ghanaian economy.”
Economic impact
The drilling project highlights Ghana’s increasing significance in the international energy market.
The collaboration is anticipated to drive economic development and generate opportunities in the regional energy industry, further strengthening West Africa’s position as a center for offshore oil exploration.
Both firms reiterated their dedication to sustainable and efficient energy generation while utilizing advanced technologies to achieve exploration goals.
