Tullow Oil said today that it would look to restart development drilling on the TEN fields in Ghana following a tribunal ruling.
The tribunal in Hamburg was giving its judgement on a maritime boundary dispute between Ghana and Côte d’Ivoire.
Tullow said the new maritime boundary determined by the tribunal did not affect the TEN fields.
The firm 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.
Tullow chief executive Paul McDade said: “We look 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.”