President Mills gives assurance of effective management of oil

President John Atta Mills on Tuesday reiterated that Government would ensure an effective management of the operations of the oil and gas industry for the benefit all Ghanaians.

He emphasized accountability and transparency in the operations of the industry, and gave an assurance that Government would work to plug the pitfalls to enhance the sector's operations.

President Mills gave the assurance when a delegation from the management of Tullow Ghana Limited, the lead company in the production of oil and in Ghana's Jubilee Fields, called on him at the Osu Castle, in Accra.

The delegation, led by Dr Idan Heavey, Chief Executive Officer of Tullow Ghana, included Mr Pat Pluukett, Board Chairman; Dai Jones, President and General Manager, and Kofi Esson, Chief of Staff.

President Mills said Government would ensure that the collaboration with Tullow would work to the benefit of Ghanaians, adding that the oil find should become a blessing rather than a curse.

He commended the expertise of the Company and assured them of full Government cooperation.

Dr Heavey said that there was huge investment in the oil and gas industry, with potential for the development of ancillary industries.

With the arrival of the Kwame Nkrumah Floating, Production, Storage and Offloading, (FPSO) facility at the Jubilee Fields in Takoradi in the Western Region last week, all is set for the production of oil by the last quarter of this year.