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Ghana Contract Monitor

3. Deepwater Tano-CTP Block (3000sqkm) 

Contract Parties (Operator)

Aker Energy, LukOil, Fuel Trade and GNPC
Effective Date/Initial Exploration Period

Effective Date: July 18, 2006
Appraisal/Pre-development Period (3 years from Notice of Discovery). 
Has 6 months after ITLOS ruling to submit POD

Minimum Exploration Program (Initial Phase)

  • 3D ‘Broadband’ seismic acquisition
  • Drilling of 3 appraisal wells 
(2 in the Pecan area and 1 at Almond)
  • Reprocessing of legacy 3D seismic
  • Well data integration of all data
  • Reservoir simulation studies
  • Geochemistry study
Minimum Expenditure

$32,000,000
Observations as of 2017

This company made successful discovery but could not progress to 
field development because of the ITLOS’s preliminary injunction. 
The company can now go ahead to submit Plan of development.

2019 Update

Aker acquired the interest of Hess in the block and proceeded to 
complete appraisals studies. Programme of Development (PoD) was 
submitted to government. The PoD was not  approved. 
Aker has to revise and resubmit the PoD.
2020 Update

Aker awaited some amendments to its PA to finalize the Pecan PoD and resubmit. Parliament amended the DWTCTP PA in 
December 2020. However, Aker suspended the development of thefield in April 2020 due to low oil prices and the COVID-19 
pandemic.
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