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Ghana Contract Monitor

10. Onshore/Offshore Keta Delta Block (3000sqkm)

Contract Parties (Operator)

Swiss African Oil Company Limited (SWAOCO) & 
PET Volta Investment Ltd.
Effective Date/Initial Exploration Period

Effective Date: April 12, 2016
Initial Exploration Period (3 years): 
April 1, 2016 – March 31, 2019

Minimum Exploration Program (Initial Phase)

  • Acquire, process and interpret 1100sqkm of 2D seismic
  • Drill one (1) Exploration Well
Minimum Expenditure

$40,000,000
Observations as of 2017

Activities ongoing are seismic survey design & tendering, legacy 
data reprocessing and environmental impact assessment 
design & tendering.
2019 Update

The contractor has defaulted on the minimum work obligations.
No progress information on the interpretation of legacy data 
but no drilling has been made.
2020 Update

The Contractor did not undertake any activity in 2019 citing a 
dispute with vegetable farmers and some inhabitants in the 
vicinity of the block as a cause of the inactivity.