14. Ultra-Deepwater East Keta Block (2,239sqkm)
Contract Parties (Operator) GNPC- GOSCO, Heritage E&P, , EXPLORCO and Blue Star
Effective Date/Initial Exploration Period Effective Date: July 18, 2014 Initial Exploration Period (2.5 years + 2 years): July 18, 2014 – January 17, 2019
Minimum Exploration Program (Initial Phase)
Reprocess existing 2D and acquire 1500sqkm of 3D seismic
Minimum Expenditure $15,000,000
Observations as of 2017 Initiated efforts to reprocess existing data and license 2D data on the area. Initial exploration period has been extended by 2 more years.
2019 Update The extended period has also expired and the contractor has not met the minimum work obligations. GNPC’s subsidiary is the operator of the block but that is not an excuse to shield majority interest holders from nonperformance.
2020 Update The Contractor engaged CGG in 2016 to acquire 3D seismic data. The seismic vessel was intercepted by Togolese navy and frustrated the acquisition work. The matter still remains unresolved between Ghana and Togo.