Pulse.com.gh logo
Go


Maritime dispute Ruling on maritime boundary dispute refreshing - TEN project partners

Partners of the TEN Project have expressed satisfaction at the ruling on the maritime boundary dispute.

  • Published: , Refreshed:
Emmanuel Armah Kofi Buah, Minister of Energy and Petroleum play

Emmanuel Armah Kofi Buah, Minister of Energy and Petroleum

24/7 Live - Subscribe to the Pulse Newsletter!

Partners of the TEN Project currently working on the development of the country’s second independent oil field have welcomed the ruling by the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS).

A source, who pleaded anonymity told the Daily Graphic that members of the partnership were very happy about the outcome.

Tullow Ghana

When contacted, the General Manager of Tullow Ghana, Mr. Charles Darko, said the ruling would allow the partners to continue with its budget for the first oil in mid-2016.   

“Currently we are waiting for clear instructions from the government and continue to work in partnership with the government in whatever way that would benefit the country,” he said.

Mr Darko said as the lead operator of the TEN Project, Tullow Ghana would issue a statement today.

Project TEN

Tweneboa, Enyenra and Ntomme (TEN) project is a unitised field operated by Tullow Oil Ghana with other partners such as Kosmos Energy, Anadarko Petroleum, Petro SA and the Ghana National Petroleum Corporation (GNPC).

The TEN fields are located in the Deepwater Tano licence which covers an area of more than 800 square kilometres, and lies around 20 kilometres west of Tullow’s Jubilee Fields. 

When completed, the project is expected to achieve a plateau production rate of 80,000 barrels of oil per day.

The possibility of future development of gas resources at TEN is also anticipated, following the commencement of oil start-up.

The completion is expected to increase the country’s daily oil output to close to 200,000 barrels per day.

Source: Daily Graphic

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 New Appointment Nana Addo appoints Mahama as Lands Commission bossbullet
2 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Mobile Money MTN freezes account of Ponzi scheme over GH¢11m defaultbullet
6 Mahama boys prevented me from meeting him – Fibre Optics Inventorbullet
7 Menzgold Ghana Investment company closes down its Gold Vault...bullet
8 Young Entrepreneurs Anas, Sarkodie, Nana Appiah & Yvonne...bullet
9 AirtelTigo 6 things every Airtel and Tigo customer...bullet
10 Shirley Frimpong-Manso and Ken Attoh owe The Royal Bankbullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Support Finance minister buys Kantanka carbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Entrepreneurship How to be resourceful as an entrepreneurbullet
7 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 Money Alert Meet Africa's richest womanbullet

Business