Tullow Oil (Tullow) has indicated that it intends to restart development drilling in the TEN fields off Ghana after the International Tribunal of the Law of the Sea (ITLOS) made a decision in a maritime boundary dispute judgment that went in favour of Ghana.
The ITLOS in Hamburg made its decision with regard to the maritime boundary dispute between Ghana and Côte d’Ivoire on the 23rd in favour of Ghana. The new maritime boundary as determined by the tribunal now does not affect the TEN fields.
In a statement, Tullow said it will now work with the Government of Ghana to put in place the necessary permits to allow the restart of development drilling in the TEN fields. Tullow expects to resume drilling around the end of the year which will allow production from the TEN fields to start to increase towards the FPSO design capacity of 80,000 bopd.
Paul Mcdade, CEO, said: “Tullow looks forward to continuing to work constructively with the Governments of both Ghana and Côte d’Ivoire following the conclusion of this process. While the TEN fields have performed well during the period of the drilling moratorium, we can now restart work on the additional drilling planned as part of the TEN fields’ plan of development and take the fields towards their full potential.”