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Ghana Stopped From Drilling New Oil Wells

By Daily Guide
Business & Finance Ghana Stopped From Drilling New Oil Wells
APR 27, 2015 LISTEN

Attorney General, Marrieta Brew Appiah-Oppong (right) at the Tribunal

The International Tribunal for the Law of the Sea (ITLOS) has ruled that Ghana cannot drill new oil wells in the disputed West Cape Three Points area.

However, the Tribunal said Ghana could proceed with $4.9 billion offshore oil exploration project in the disputed area.

'Ghana shall take all necessary steps to ensure that no new drilling either by Ghana or under its control takes place in the disputed area,' the Tribunal said on Saturday.

Cote d’Ivoire is laying claim to Ghana’s territorial waters at West Cape Three points currently being operated by oil giants Tullow under the Tweneboah-Enyera-Ntoumme (TEN) project.

The Francophone country subsequently filed an injunction appeal at the Hamburg-based Tribunal to force Ghana to suspend all ongoing oil exploration and exploitation operations in the disputed area and refrain from granting any new permit for oil exploration and exploitation in the disputed area until the definitive determination of the case.

'The suspension of ongoing activities conducted by Ghana in respect of which drilling has already taken place would entail the risk of considerable financial loss to Ghana and its concessionaires and could also pose a serious danger to the marine environment resulting, in particular, from the deterioration of equipment.

'It therefore considers that an order suspending all exploration or exploitation activities conducted by or on behalf of Ghana in the disputed area, including activities in respect of which drilling has already taken place, would cause prejudice to the rights claimed by Ghana and create an undue burden on it and that such an order could also cause harm to the marine environment,' it said.

The Tribunal directed all parties to take the necessary steps and cooperate to prevent harm to the marine environment in the disputed area.

Tullow Statement
Tullow spokesman George Cazenove said the TEN Project would continue following the ruling.

'We will now await instructions from the Government of Ghana with regard to implementing those provisional measures that have been ordered by ITLOS,' he said.

By Cephas Larbi
[email protected]
 
 

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