Negotiations between Ghana and La Cote d?Ivoire to settle a maritime dispute over oil-rich areas in the Gulf of Guinea is progressing steadily, a government official has stated.
Ghana and La Cote d?Ivoire had been involved in the dispute after the latter?s discovery of oil last year.
The oil-rich C-100 maritime space offshore La Cote d?Ivoire is said to contain two billion barrels of oil and 1.2 trillion cubic feet of natural gas.
As a result of the proximity of the site to Ghana?s Jubilee Field, the English-speaking country considered taking the matter to the United Nations Convention on the Law of the Sea.
But after agreeing on the establishment of a joint maritime and boundary commission, both countries made conscious attempt to settle the dispute.
It is expected to bring negotiations to an end by June this year.
Representing Ghana, Deputy Minister of Lands and Natural Resources, Ms Asamoah assured that negotiations are going on well and a satisfactory agreement will soon be reached.
Source: Andrew Nettey
