Tullow Oil hits 1-month low; Ghana ops, FTSE exit cited

(Corrects to show Ghana has not yet been requested to suspend operations)

LONDON, March 2 (Reuters) - Shares (Berlin: DI6.BE - news) of oil-and-gas firm Tullow Oil (LSE: TLW.L - news) fell more than 6 percent on Monday, to their lowest level since the end of January, after issuing an update on a dispute over the maritime border between Ghana and Ivory Coast.

While Tullow Oil said the project remained on schedule, Ivorian authorities have applied for measures that could mean that Ghana is requested to suspend exploration in the disputed region.

Traders also pointed to Tullow Oil's possible relegation from the blue-chip FTSE 100, when the results of the quarterly index review are announced this week.

(Reporting by Alistair Smout and Alasdair Pal; Editing by Lionel Laurent and Susan Thomas)