9. Cape Three Points Block 4 (1,127sqkm)
Contract Parties (Operator) Eni Ghana, Vitol Upstream, EXPLORCO, WoodFields Upstream Ghana and GNPC
Effective Date/Initial Exploration Period Effective Date: April 16,2016 Initial Exploration Period (3 years): April 14, 2016 – April 13, 2019
Minimum Exploration Program (Initial Phase)
Acquire, process and interpret 1000sqkm of 3D seismic
Drill one (1) Exploration Well in the Contract Area
Minimum Expenditure $45,000,000
Observations as of 2017 This contract is still in the initial phase. Seismic data acquisition was planned for 2017.
2019 Update The contractor acquired the seismic data and completed first drilling towards the end of the initial phase. The drilling encountered gas and condensate discovery which may be subject to appraisal in the exploration period.
2020 Update The Submission of Akoma-1X Appraisal Programme may be delayed. Drilling of the second exploration well postponed from Q2 2020 to first half of 2021.