Listen Download Podcast
  • RFI English News flash 04h00 - 04h10 GMT Mon-Fri
    News bulletin 12/18 04h00 GMT
  • Paris Live AM 04h10 - 04h30 GMT Mon-Fri
    Features and analysis 12/18 04h10 GMT
  • RFI English News flash 05h00 - 05h10 GMT Mon-Fri
    News bulletin 12/18 05h00 GMT
  • Paris Live AM 05h10 - 05h30 GMT Mon-Fri
    Features and analysis 12/18 05h10 GMT
  • RFI English News flash 06h00 - 06h10 GMT Mon-Fri
    News bulletin 12/18 06h00 GMT
  • Paris Live AM 06h10 - 06h30 GMT Mon-Fri
    Features and analysis 12/18 06h10 GMT
  • RFI English News flash 06h30 - 06h33 GMT Mon-Fri
    News bulletin 12/18 06h30 GMT
  • Paris Live AM 06h33 - 06h59 GMT Mon-Fri
    Features and analysis 12/18 06h33 GMT
  • RFI English News flash 07h00 - 07h10 GMT Mon-Fri
    News bulletin 12/18 07h00 GMT
  • RFI English News flash 07h30 - 07h33 GMT Mon-Fri
    News bulletin 12/18 07h30 GMT
  • RFI English News flash 14h00 - 14h03 GMT Sat-Sun
    News bulletin 12/17 14h00 GMT
  • RFI English News flash 14h00 - 14h06 GMT Mon-Fri
    News bulletin 12/15 14h00 GMT
  • Paris Live Weekend 14h03 - 14h30 GMT Sat-Sun
    Features and analysis 12/17 14h03 GMT
  • Paris Live PM 14h06 - 14h30 GMT Mon-Fri
    Features and analysis 12/15 14h06 GMT
  • RFI English News flash 14h30 - 14h33 GMT Mon-Fri
    News bulletin 12/17 14h30 GMT
  • Paris Live PM 14h33 - 14h59 GMT Mon-Fri
    Features and analysis 12/17 14h33 GMT
  • RFI English News flash 16h00 - 16h03 GMT Sat-Sun
    News bulletin 12/17 16h00 GMT
  • RFI English News flash 16h00 - 16h06 GMT Sat-Sun
    News bulletin 12/15 16h00 GMT
  • Paris Live Weekend 16h03 - 16h30 GMT Sat-Sun
    Features and analysis 12/17 16h03 GMT
  • RFI English News flash 16h30 - 16h33 GMT Mon-Fri
    News bulletin 12/17 16h30 GMT
  • Paris Live Weekend 16h33 - 17h00 GMT Sat-Sun
    Features and analysis 12/17 16h33 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.
Afp

Tullow Oil to restart drilling in Ghana after ruling

By AFP
media An international maritime tribunal found Ghana did not violate Ivory Coast's rights by drilling for oil in the region, prompting Tullow Oil to say it will resume drilling around year end AFP/File

Tullow Oil said Saturday it would restart drilling by the end of the year after a ruling in a maritime boundary dispute between Ghana and Ivory Coast.

The International Tribunal for the Law of the Sea found that "Ghana did not violate the sovereign rights" of Ivory Coast by drilling for oil in the region.

The Hamburg-based court precisely mapped the maritime border and backed Ghana on the principle that the boundary line be based on equidistance.

"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," the London-based oil firm said in a statement.

"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 (floating production storage) design capacity of 80,000 bpd," it said.

The company, a major oil operator in Ghana said it would work with both countries following the ruling. "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."

Tullow Oil Ghana boss Charles Darku told reporters in the capital Accra the ruling would remove "doubt anyone had about the boundary, because that is clear now. Anyone that wants to work around investing in that area should see their way clear."

TEN’s output will be maintained at 50,000 barrels a day until the end of the year, he said.

Ghana’s energy minister Boakye Agyarko was quoted by local media as saying the country would retain control over the fields.

Hanna Tetteh, a former minister, urged investors to proceed with their projects.

"It's a great day for Ghana," she said on her Twitter account.

The ruling is a relief for Ghana, which is relying on oil revenue to boost economic growth and ease its budget deficit.

Ghana is a major producer of gold and cocoa and began commercial oil production in 2010 following the discovery of the Jubilee oil field, which produces 100,000 barrels per day.

 
Sorry but the period of time connection to the operation is exceeded.