10. Cape Three Points Block 4 (1,127sqkm)
Contract Parties
Eni Ghana (Operator), Vitol, WoodFields E&P, GNPC EXPLORCO, GNPC.
Effective Date/Initial Exploration Period
Effective Date: April 14, 2016
Initial Exploration Period (3 years): April 14, 2016 – April 13, 2019
Minimum Exploration Program (Initial Phase)
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Acquire, process and interpret 1000sqkm of 3D seismic
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Drill one (1) Exploration Well in the Contract Area
Minimum Expenditure
$45,000,000
Observations as of 2022
As of 2022, significant progress has been made in the exploration phase of Cape Three Points Block 4, with discoveries made and appraisal efforts ongoing.
The contractor acquired the seismic data and completed first drilling towards the end of the initial phase. The drilling encountered gas and condensate discovery which may be subject to appraisal in the exploration period.
The Submission of Akoma-1X Appraisal Programme may be delayed. Drilling of the second exploration well postponed from Q2 2020 to first half of 2021.
This block is at the pre-development phase after successful gas and condensate discovery in its Akoma-1X exploration prospect in 2019 and significant oil discovery in its Eban-1X exploration prospect in 2021.
Preliminary estimates from Eni indicates that the Akoma-Eban complex has the prospect of 500 and 700 million barrels of oil equivalent (mmboe) and could progress quickly to production due to its proximity to existing infrastructures on OCTP Sankofa field operated by Eni.
Eni submitted an appraisal programme for the Akoma and Eban discoveries awaiting approval from the Petroleum Commission.
As part of the work requirements for the Second Extension Exploration Period, preparations are now being made for drilling a new exploration well (Aprokuma-1X).
Eni continued its exploratory activity on Block 4 as part of its minimum work obligation in 2022. The Aprokuma-1X well, which is the third exploration well drilled by Eni in fulfilment of its work obligations under the Petroleum Agreement, was spudded on the 11th of August 2022 in a water depth of 605.5m and resulted in a discovery in the Albian and Cenomanian primary and secondary target respectively. Operations on Aprokuma-1X ended on 22nd September 2022. According to the Petroleum Commission, though Aprokuma is a discovery, in the technical opinion of the operator, it is not sufficient to merit a standalone appraisal.