British High Commissioner welcomes Tullow’s oil exploration project in Zambia
British High Commissioner Fergus Cochrane-Dyet OBE has welcomed the launch of Zambia’s first ever oil and gas exploration survey by Tullow Oil.
British High Commissioner, Fergus Cochrane-Dyet OBE
Tullow Oil is a UK company with its Head Quarters in London. Speaking in Kasama when Zambian President Edgar Lungu launched the aerial survey at a ceremony organised by Tullow Oil on 11 August, Mr Cochrane-Dyet said:
British companies like Tullow Oil represent reliable partners for Zambia because they are covered by UK legislation that binds them to the highest standards.
Zambia needs private sector investment from local and international companies, to win the battle against poverty, create jobs, and bring prosperity to all Zambians.
The High Commissioner also made reference to the next Commonwealth Summit in the UK in April 2018, saying one of the goals will be boosting intra-Commonwealth trade and investment, maximising the Commonwealth Advantage.
Further details
- The Commonwealth Summit will take place in London and Windsor in the week of 16 April 2018. The Commonwealth is made up of 52 members spanning 6 continents with a combined population of around 2.4 billion people, almost half of whom are under 25. The network includes established economies such as Australia, Canada and New Zealand, as well as emerging markets like India, Malaysia, and South Africa, with trade between Commonwealth countries projected to be worth $1 trillion by 2020. The summit in April 2018 will see the UK take over as chair of the Commonwealth until 2020.
Find out more about the 2018 Commonwealth summit
- Tullow Oil is a leading independent oil and gas exploration and production company. The Group has interests in over 85 exploration and production licences across 17 countries which are managed as three Business Delivery Teams: West Africa, East Africa and New Ventures. In 2016, the Zambian government awarded a petroleum exploration licence to Tullow Oil Zambia over block 31 for explorations in Luapula and Northern Provinces following an open bidding process.
Find out more about Tullow Oil.
For further information contact:
Alfred Kapalayi or Tresford Mumba at the British High Commission on +260 211 423200