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Ghana Contract Monitor

9. 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)

  • Acquire, process and interpret 1000sqkm of 3D seismic

  • Drill one (1) Exploration Well in the Contract Area

Minimum Expenditure


Observations as of 2017

This contract is still in the initial phase. Seismic data acquisition was planned for 2017.

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.