Tullow Oil has informed that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg has rejected Côte d’Ivoire’s request that Ghana be ordered to suspend all oil exploration and exploitation in the disputed zone including the Tweneboa-Enyenra-Ntomme (TEN) Project.
To remind, Côte d’Ivoire recently applied for provisional measures to be ordered in Ghana’s maritime boundary dispute with Côte d’Ivoire which is in arbitration before a Special Chamber of the ITLOS in Hamburg.
Côte d’Ivoire requested from the ITLOS to order Ghana to suspend ongoing exploration and exploitation operations in the disputed area in which Tullow’s TEN development project is situated until ITLOS gives its full verdict which is expected towards the end of 2017.
According to Tullow, development work on the TEN Project continues. The project is now over 55 percent complete with all 10 of the wells expected to be online at first oil already drilled. The project remains within budget and on schedule with first oil expected in mid-2016, Tullow said in the press release.
ITLOS has ordered a number of provisional measures which both Ghana and Côte d’Ivoire are required to comply with; including continued cooperation until ITLOS gives its decision on the maritime boundary dispute.
Tullow says that it is not a party to this arbitration process and will now await a decision by the Government of Ghana on how it will implement the provisional measures order. Furthermore, the company emphasizes that the Jubilee Field is completely unaffected by this arbitration.
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