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