TEN project cleared to proceed following maritime dispute ruling

Côte d’Ivoire has failed to block exploration and development in a disputed maritime zone shared by neighboring Ghana, according to Tullow Oil.

Offshore staff

LONDON– Côte d’Ivoire has failed to block exploration and development in a disputed maritime zone shared by neighboring Ghana, according to Tullow Oil.

The Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg rejected the request concerning activity in the zone, which includes the currentdeepwater TEN development project.

However, ITLOS has ordered both countries to comply with numerous provisional measures, including continued cooperation, until ITLOS gives its decision on the maritime boundary dispute, probably in late-2017.

Tullow, which is not a party to this arbitration process, says it will await a decision by the government of Ghana on how it plans to implement the provisional measures order.

Development of TEN is more than 55% complete, with all 10 wells drilled that are due to be online at start-up in mid-2016.

TheJubilee field is unaffected by the arbitration, Tullow adds.

04/27/2015

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