Business News of Tuesday, 24 February 2026Source: www.ghanaweb.comA Sale and Purchase Agreement has been signed by UK-based oil and gas company Tullow Oil to acquire the floating production, storage and offloading vessel (FPSO), Professor John Evans Atta Mills, for a total consideration of $205 million. The agreement was signed by Tullow’s wholly owned subsidiary, Tullow Ghana Limited, on behalf of itself and its joint venture partners. The joint venture partners in Tullow Ghana Limited include the Ghana National Petroleum Corporation (GNPC), GNPC Explorco, Kosmos Energy, and PetroSA. The FPSO Prof John Evans Atta Mills, constructed by MODEC, achieved first oil in August 2016. It is the second MODEC-operated vessel supporting Tullow’s Ghana operations, following the FPSO Kwame Nkrumah, which commenced production on the Jubilee Field in 2010.

Source: GhanaWeb February 24, 2026 09:03 UTC