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.