Ghana-Ivory Coast dispute damages Tullow Oil

(AGI) Accra, March 3 - A dispute over maritime boundariesbetween Ghana and Ivory Coast is damaging Tullow Oil, whichrisks postponement of its TEN project in the waters off Ghana'scoastline. Ivory Coast requested the International Tribunal forthe Law of the Sea to suspend Tullow's exploration andextraction activities until the dispute is settled, so thecompany faces a period of uncertainty pending the court'sdecision, which will not be reached before the end of April.Ghana's Minority Spokesman on Energy, K.T. Hammond, said he isconfident that "ultimately the Ivorian case will be fruitless",and defined Ivory

(AGI) Accra, March 3 - A dispute over maritime boundariesbetween Ghana and Ivory Coast is damaging Tullow Oil, whichrisks postponement of its TEN project in the waters off Ghana'scoastline. Ivory Coast requested the International Tribunal forthe Law of the Sea to suspend Tullow's exploration andextraction activities until the dispute is settled, so thecompany faces a period of uncertainty pending the court'sdecision, which will not be reached before the end of April.Ghana's Minority Spokesman on Energy, K.T. Hammond, said he isconfident that "ultimately the Ivorian case will be fruitless",and defined Ivory Coast's suit as "hypocritical" because bothsides had signed an exploration agreement on the disputed zone."Oil exploration started along those areas so many years ago.The Ivorians were involved with their parts of waters and wewere dealing with their parts of waters. It is a mutualagreement between the two countries", he said.. .