ITLOS judgment

Published on: 23 September 2017

Tullow Oil plc (Tullow) notes that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg today made its decision with regard to the maritime boundary dispute between Ghana and Côte d’Ivoire.

GH_pressrelease_TEN_FPSO_aerial_802x535

The new maritime boundary as determined by the tribunal does not affect the TEN fields as per the map below.

ITLOS Final Map

Tullow 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, commented today:

“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.” 

Ghana

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For further information contact

  • Tullow Oil plc

    • Chris PerryInvestor Relations
    • Nicola RogersInvestor Relations
    • George CazenoveMedia Relations
    • London

  • Murray Consultants

    • Pat Walsh
    • Joe Heron
    • Dublin

Notes to editors

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in over 85 exploration and production licences across 17 countries which are managed as three Business Delivery Teams: West Africa, East Africa and New Ventures.