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Ghana Contract Monitor

12. South-West Cape Three Points Block

Contract Parties (Operator)

Eco-Atlantic Oil, A-Z Petroleum, EXPLORCO, 
PetroGulf and 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
Minimum Expenditure

$65,000,000
Observations as of 2017

The company has defaulted in its work and financial obligation. 
They still claim they are doing data interpretation.
2019 Update

The contractor commenced reprocessing of existing seismic data. 
No drilling has still been made.
2020 Update

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