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Ghana Contract Monitor

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.