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This, coupled with a great respect for quality, standards, achievements and safety, has propelled the subsidiary to the forefront of the industry.
The approval for the merger of the two companies occurred at separate shareholders' meetings. As part of the merger contract, Total Ghana Ltd. was put into members' voluntary liquidation and its entire undertaking and assets was transferred to Total Petroleum Ghana Ltd.
Thus, Total Petroleum Ghana Ltd. had to issue new shares to the shareholders of the liquidated company in accordance with their rights. The merged company remained quoted on the Ghana Stock Exchange, and still enjoys the world-class technical, product and management support from Total Outre Mer SA – its parent organisation and the world's fourth largest oil and gas conglomerate which owns 81...
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