Media appearances on the Ghana-Cote d’Ivoire Maritime Border Dispute

Media appearances on the Ghana-Cote d’Ivoire Maritime Border Dispute at ITLOS

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  • “TEN field reserves are estimated at 306 million barrels of oil while the wider Tano Basin, which was the subject of the boundary dispute, holds the equivalent of 3-4 billion barrels. At current prices of around $55 per barrel, the TEN field has the potential to generate $16.7 billion in revenue and the Tano Basin $165 billion, said petroleum economist Theo Acheampong. “That is really what was at stake in this ruling,” said Acheampong, from analysts IHS Markit.” http://www.dailymail.co.uk/wires/afp/article-5074101/Ghanas-maritime-boundary-victory-spark-oil-bounty.html
  • “According to the economist Theo Acheampong, at the current price of $ 55 a barrel, the fields operated by Tullow in the Tano Basin could yield up to $ 165 billion. “That’s really what was at stake in this decision” of the maritime court, said Mr Acheampong, London-based firm IHS Markit. And in this area of the Gulf of Guinea deemed rich in gas and oil, there is probably more to discover, he said.” http://www.lefigaro.fr/flash-eco/2017/11/11/97002-20171111FILWWW00032-le-ghana-reve-de-boom-petrolier.php
  • “The ruling of the International Tribunal for the Law of the Sea (ITLOS) on the maritime dispute will not affect Ghana’s oilfields, a Petroleum Economist has said. Dr Theo Acheampong said the country will not be “materially” affected by the new marine borders drawn by the Germany-based Chamber… the Petroleum Economist with the University of Aberdeen in Scotland said the ruling represented Ghana’s argument since the start of the hearing. “It doesn’t look significantly different from what Ghana said…as I look at it now,” Dr Acheampong said. He cautioned government to plot the new field given the maritime boundary properly to see if they will be affected.” https://www.myjoyonline.com/politics/2017/September-23rd/itlos-ruling-wont-affect-ghanas-oilfields-petroleum-economist.php
  • “According to the economist Theo Acheampong, at the current price of $ 55 a barrel, the fields operated by Tullow in the Tano Basin could yield up to $ 165 billion. “That’s really what was at stake in this decision” of the maritime court, said Mr Acheampong, London-based firm IHS Markit. And in this area of the Gulf of Guinea deemed rich in gas and oil, there is probably more to discover, he said.” https://www.izf.net/afp/ghana-reve-boom-petrolier-apres-un-conflit-frontalier-avec-abidjan
  • “However, the angle appeared to be closer to the line claimed by Ghana. ”The new boundary “doesn’t look any significantly different from what Ghana had”, said Theo Acheampong, senior analyst at IHS Markit.” https://af.reuters.com/article/topNews/idAFKCN1BY0HY-OZATP

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Theo Acheampong

Theo is an economist and social media enthusiast who provides regular commentary on socioeconomic and political developments in Ghana and Africa at large. Theo is passionate about leadership, entrepreneurship and the role of innovative technologies in solving Africa’s developmental challenges.