12. Deepwater Cape Three Points West Offshore
Eco Atlantic (Operator), A-Z Petroleum, Petrogulf Limited, GNPC EXPLORCO, GNPC
Effective Date/Initial Exploration Period
Effective Date: March 22, 2015
Initial Exploration Period (2.5 years): March 22, 2015 – September 21, 2017
Minimum Exploration Program (Initial Phase)
License and reprocess existing 850sqkm of 3D seismic data relating to the Contract Area
- Reprocess 850sqkm 3D seismic data
Drill one (1) Exploration Well
Observations as of 2017
The company has defaulted in its work and financial obligation. They still claim they are doing data interpretation.
The contractor commenced reprocessing of existing seismic data. No drilling has still been made.
Conflicts between parties was resolved, with readmission of A-Z into the block. Contractor commenced planning to drill its first exploration well, the Dawadawa-1X in Q3 2020.
Contractor’s work programme for 2021 requires drilling of at least one exploratory well. Tender processes for a rig and other long lead items commenced. Contractor has informed the Commission of its intention to postpone drilling activities due to COVID-19
In 2020, the contractor submitted plans and gave the indication of commencing the process of rig tendering, tangibles contracts, and support services contracts for its exploration drilling. These plans were however suspended on account of the pandemic. The Minister for Energy granted Eco Atlantic a restitution time of eight (8) months to compensate for the time lost due to the pandemic.
In 2021, the contractors resumed plans towards drilling its obligatory exploration well, Dawadawa-1X in Q2 2022, with well planning and drilling related procurements.