Ghana argued that the equidistance rule be used in delimiting the maritime boundary between the two countries.
Whilst the tribunal rejected Ghana’s claim that Cote d’Ivoire is estopped from making a claim for the disputed territory because of prior conduct, the Chamber equally rejected Ivory Coast’s claim that a meridian measurement be used.
The tribunal accepted that the equidistance measurement be used and according to Petroleum Economist, the new boundary line determined the Tribunal “does not materially affect Ghana’s interest.”
Currently, three oil fields, the Tweneboa, Enyira and Ntome oil fields are located in the area and formed the subject matter of the maritime dispute between the two countries.
Ivory Coast was claiming it had rights to the area where Ghana has been undertaking some hydrocarbon activities.
It demanded compensation from the tribunal, arguing that Ghana violated the orders of the Tribunal in its April 25, 2015 ruling.
But the Tribunal rejected this claim, holding that Ghana did not violate the sovereign right of Cote d’Ivoire.
The Tribunal held Ivory Coast did not substantiate its allegation that Ghana acted in violation of its obligations under international law.
The judgment of the Special Chamber means that the three oil fields which hold significant deposits of hydrocarbon material are safe.
A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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