Ten development project, deepwater tano license offshore. It encountered highquality reservoir sands containing 36m of net oil and gas. The contract area the south deep water tano block of 3,482 km2 is located in deep to ultra deep water part of the tano basin, with water depth ranging from 2,000m to about 3,500m. The three oil and gas fields are part of the deepwater tano license located offshore of ghana. The fields lie in water depths of 1,000m to 2,000m. On 25 april 2019, ghanaian think tank imani africa in a press briefing raised some concerns regarding developments in ghanas upstream oil and gas industry. Larger percentage of the worlds consumption of petroleum energy has resulted in the advent of many technological and engineering industries that are into building and. Deploying the technology required identification and mobilization of tools for multiple casing sizes and risers, establishing regional thirdparty agreements for any additional needs, bringing in expertise from around the world, and training the incountry personnel. The government, however, in a rebuttal said imani was misinformed on the matter. The contract area that is the subject matter of this petroleum agreement is within the jurisdiction of ghana and has been declared open for petroleum operations by the minister and the state desires to encourage and promote exploration, development and production within the contract area. The contract area that is the subject matter of this agreement has been declared open for petroleum operations by the minister, and the state desires to encourage and promote exploration, development and production within the contract area. It is the first deepwater field developed in offshore ghana.
Offshore southwest tano deepwater tano basin there is good potential not only at the jubilee reservoirs but also within the cenomanian, albian and injectities. Energy ghana hc for the deepwater tano contract area 10 mar. The block contains the sankofa main, sankofa east and the gye nyame discoveries. Jan 24, 2014 acquire, process and interpret 750sqkm of 3d seismic data relating to the contract area. The sdwt block of 3,482 km2 is located in deep to ultra deep water part of the tano basin, with water depth ranging from 2,000m to about 3,500m. Petroleum agreement means the petroleum agreement dated 10 march 2006 amongst the government of the republic of ghana, gnpc, assignor, tullow ghana limited and sabre oil and gas limited in respect of the deepwater tano block, offshore ghana. Ghanas parliamentary minority calls on govt to withdraw. Exploration seismic data acquisition, processing and interpretation 11apr2038. Cape three points is a large deepwater block located offshore western ghana. Discovery and drilling of the offshore cape three points fields.
Petroleum agreement between gnpc and tullow, sabre and. Joint operating agreement in respect of the deepwater tano contract area, offshore ghana dated august 14, 2006, among tullow ghana, sabre oil and gas limited, and kosmos ghana. Petroleum petroleum agreementpetroleum agreement deep water tano. West cape three points doa march 2008 download pdf 311kb. Deepwater tano doa september 2006 download pdf 1,386kb. The contract area that is the subject matter of this petroleum agreement has been. It occupies the centraleasternnorthern part of ghana. Contract area, with aker energy holding 50%, lukoil 38%, gnpc 10% and fueltrade 2%. The onshorecoastal expressions of the tano and keta basins, respectively, located at the southwestern and southeastern corner of ghana, have a total size of about 4,000 sq.
The state assures contractor that all of the contract area is within the jurisdiction of ghana. Sabre to terminate the acquisition by kosmos of sabres participating interest in the deepwater tano block, offshore ghana. Tullow sought to charge such expenditures to the deepwater tano joint account. Petroleum agreement for deepwater tano tullowsabrekosmos march 2006. Petroleum agreement among government of the republic of ghana. The tweneboa and enyenra reservoirs lie approximately 30 km to the west of the jubilee.
The farmin agreement gives statoil a 35 percent working interest in hess deepwater tanocape three points license, which the new yorkbased oil company was awarded in 2006. Imani indicated that ghana could lose several billion dollars of petroleum revenues due to the nature of the aker energyoperated petroleum agreement covering the deepwater tano cape. Deepwater tano contract area pa download pdf 7,173kb. Tullow ghana limited a subsidiary of tullow oil plc is operator of the deepwater tano contract area with an interest of 47. The contract area that is the subject matter of this petroleum agreement is within the jurisdiction of ghana and has been declared open for petroleum operations by the minister and the state desires to encourage and promote exploration. The contract area is about 60 km across covering about 200,000 ha. Erin formerly camac base energy gnpc exploration and production company gnpc. The contract area is located off the western region of ghana, about 70 km from the coast at the nearest point figure 11. Ghana as much as 32% of the total equity in the south deepwater tano sdwt block, you and your colleagues, then clothed in civil society and research garb screamed to high heavens alleging lack of transparency, poor due diligence, tax haven skulduggery, and all manner of assorted shortcomings. The deepwater tano contract area is held by tullow 47.
The owners are considering developing the dwtctp contract area with a one floating production, storage and offloading fpso hub in the deepwater tano cape three point dwt ctp contract area hereafter the project. Acquire, process and interpret 750sqkm of 3d seismic data relating to the contract area. Report of the joint committee on mines and energy and finance on. Kosmos scraps plans to increase stake in deepwater. Statoil takes 35% stake in hess ghana deepwater project law360. At dispute was kosmos energy ghana hcs responsibility for expenditures arising from tullow ghana limiteds contract with seadrill for use of the west leo drilling rig once partnerapproved 2016 work program objectives were concluded. Block means the deepwater tano area offshore ghana, being the contract area as defined by article 1. The sankofa field was discovered in september 2009, with the drilling of the sankofa1 well in a water depth of 866m and to a total depth of 3,704m. Assignment agreement in respect of the deepwater tano block dated september 1, 2006, among anadarko wctp and kosmos ghana. The inland voltaian basin is the largest sedimentary basin in ghana. The study area is therefore located in the jubilee field in the deep water 1,1001,700 m blocks approximately 60 km from the nearest coast in western ghana. Petroleum agreement between gnpc and tullow, sabre and kosmos. Deepwater tano and cape three points blocks and the very large jubilee, teak, akasa and socalled ten field complex that followed the play opening mahogony1 discovery in 2007.
A field development plan for the project was approved in may. Ghana jubilee fpso project esia african development. Statoil takes 35% stake in hess ghana deepwater project. It is also about 75 km southsoutheast of the border between cote divoire and ghana and 2 km southwest of the port city of takoradi. West cape three points doa december 2008 download pdf 2,499kb. Imani indicated that ghana could lose several billion dollars of petroleum revenues due to the nature of the aker energyoperated petroleum agreement covering the deepwater tano cape three points dwtctp block offshore gha. Technip awarded major contracts for the ultradeepwater. The development is located 25km away from the tullowoperated jubilee field. Selecting a strategic logistics service provider for. Limited and agm petroleum limited in respect of south deepwater tano contract. Hess corporation announced today that it filed a notice of discovery with the ghana national petroleum corporation for the pecan1 exploration well located in the deepwater tano cape three points license offshore ghana, which has encountered 245 net feet of oil pay in two separate turonian intervals. The first and only exploratory well in the voltaian basin was drilled in 1974 by shell, following the acquisition of a 206line kilometer 2d seismic data at the southern part of the basin.
Several leads and prospects have been identified using existing seismic data. Report of the joint committee on mines and energy and finance on the amendment of the petroleum agreement as amendment among the. This amendment no, 1 to th petroleum agreement made this 30th day of april 2019 by and among. Hess finds oil at pecan1 well offshore ghana offshore. Petroleum agreement for deepwater tano tulfowsabrekosmos march 2006 6 l i. Jan 27, 2014 the ratification grants the parties involved the exclusive right and authority to carry out all petroleum exploration, development and production activities in the south deepwater tano block. Sankofa main and sankofa east are oil and gas fields and gye nyame is a gascondensate field. Kosmos energy announces successful arbitration kosmos energy. Cleanwell technology debuts in ghana, delivers several. Cleanwell technology debuts in ghana, delivers several successes. Deepwater tano block discoveries the tweneboa, enyenra and ntomme fields are located in the western and central portions of the dt block, approximately 30. The tano basin also recorded its first offshore exploratory success in 1970 with the volta tano well and subsequently the north tano field.
Pcedp0000002 petroleum commission republic of ghana exploration and development permit i hereby certify that. Offshore cape three points octp integrated oil and gas. It is in close proximity to the hessoperated deepwater tano cape three points block, where seven discoveries have been made, and the. Tano block ct block situated in the tano basin, along the highly productive part of the transform margin, offshore ghana. Ghana blocks west cape three points deepwater tano contract type %. September 20 entered into a etroleum agreement for the exploration, development and production of petr leum resources in the south deepwater tano block the petroleum agreement the parties in view of the material the time the petroleum agreement of this petroleum agreement. Contract area means the area of 1,108 sq km covered by this agreement in which contractor is authorised to explore for, develop and produce petroleum, which is described in annex 1 attached hereto and made a part of this agreement, but excluding any portions of such area in respect of which contractors rights hereunder are from time. Although this discovery started an exploration frenzy elsewhere along the african deepwater margin, to date, the tano basin remains the.
However, in the pas signed to date this has been set at 35%. Ghana ltd in respect of the south deepwater tano contract area. Corporate income tax the current rate of income tax provided for in ghanaian law is 50%. Global growth play service designed for corporate executives, business unit and development managers, strategic planners, exploration departments, and investors with an interest in the current status, resource development inventory, and growth prospects for the global deepwater and conventional growth plays. The jubilee oil field is locate d in the west cape three points block and the deepwater tano contract area approximately 63 km from the nearest ghanaian coastline. The farmin agreement gives statoil a 35 percent working interest in hess deepwater tano cape three points license, which the new yorkbased oil company was awarded in 2006. West cape three points contract area pa download pdf 7,852kb. The ten field is located in the deepwater tano contract area, 60 kilometers off the coast of ghana and approximately 30 kilometers west of the tullow operated jubilee field. Ror thresholds for the deepwater tano contract area. The ratification grants the parties involved the exclusive right and authority to carry out all petroleum exploration, development and production activities in the south deepwater tano block. Agreement with a contractor for the purpose of exploration. Above, within and below the mahogany sands are thick, marine shales which act as efficient top and lateral seals at both jubilee and ten. South deepwater tano contract area dated 10th september 20.