5. Offshore South-West Tano Block
Contract Parties
GOSCO (Operator), Heritage E&P, Blue Star E&P, GNPC EXPLORCO.
Effective Date/Initial Exploration Period
Effective Date: February 5, 2015
Initial Exploration Period (2.5 years+2 years extension): February 5, 2015 – August 4, 2019
Minimum Exploration Program (Initial Phase)
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Reprocess up to 175sqkm of 3D data
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Drill one (1) Exploration Well
Minimum Expenditure
$80,000,000
Observations as of 2017
The initial Exploration phase has been extended by 2 years due to ITLOS. Geophysical and Geological (G&G) studies are ongoing for prospect evaluation.
The Contractor has informed the PC of its plan to drill its first exploration well, Asanfena-1X in Q3 2020. Contractor began the process of procuring goods and services for the well.
Drilling of well may be deferred to 2021 due to the CODVID-19 pandemic.
In 2020, the contractors submitted to the Petroleum Commission, plans for exploration drilling preparatory activities including contracting of key services, and plans to secure a rig. These plans were however suspended on account of Covid.
The Minister for Energy granted GOSCO a restitution time of nine (9) months to compensate for the time lost due to the pandemic.
The contractors plan to drill their obligatory exploration well, Mansonia1X in Q2 2022.