Ghana Can Continue Production in Ivory Coast Oil Dispute
An international maritime tribunal on Saturday ruled that Ghana can continue developing a $4.9 billion dollar offshore oil project in an area caught up in a border dispute with Ivory Coast but must not start new drilling. The decision is positive for the government of Ghana and for British firm Tullow, which leads a consortium developing the "TEN" field and has already drilled the wells it needs to begin production in mid-2016. A moratorium would have denied the West African state's government revenue it needs as it seeks to restore economic stability with the help of an
Wood Group Kenny Wins Ghana Contract for Subsea Engineering
, and lie in water depths of between 1,000 and 1,800 metres. Development of the TEN Project is being led by Tullow Oil, with partners Ghana National Petroleum Corporation, Kosmos Energy LLC, Anadarko Petroleum Corporation and PetroSA. The TEN Development Plan was approved by the Government of Ghana in May 2013 and requires the drilling and completion of up to 24 development wells. These will be connected through subsea infrastructure to an FPSO vessel currently under construction in Singapore. First oil from the TEN fields is scheduled for mid-2016, and the nominal production