British High Commissioner to Zambia Fergus Cochrane-Dyet OBE has welcomed the launch of Zambia’s first ever oil and gas exploration survey by Tullow Oil.
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.”
Mr Cochrane-Dyet said 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.
A statement from the U.K High Commission in Lusaka says 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 which are 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.