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Ghana Contract Monitor

6. Shallow Water Cape Three Points Block (1500sqkm)

Contract Parties (Operator)

Sahara and GNPC
Effective Date/Initial Exploration Period

Effective Date: July 18, 2014
Initial Exploration Period(3 years): 
July 18, 2014 – July 17, 2017

Minimum Exploration Program (Initial Phase)

  • Conduct geological and geophysical studies
  • Drill one (1) Exploration Well
Minimum Expenditure

Observations as of 2017

The Company has defaulted in its work and financial obligations. 
The initial period ended in July 2017.  It is not clear whether 
they will be given extension after failing to deliver on the 
2019 Update

The contractor did not fulfill the minimum work obligation 
in the first phase, which expired in 2017. The Ministry of 
Energy has not provided update on the status of the agreement. 
However, the map of the western basin still shows that 
the contract area is owned by Sahara.
2020 Update

The Contractor did not undertake any activity in 2019.