Tap Oil Provides Offshore Accra Contract Area Update

Source: www.gulfoilandgas.com 5/11/2012, Location: Africa

Tap Oil Limited (Tap) is pleased to announce that the Ministry of Energy, Ghana has granted a 12 month extension of the Initial Exploration Period under the Petroleum Agreement in respect of the Offshore Accra Contract Area. The Initial Exploration Period now ends on 23 September 2013, by which date the commitment well must be drilled.

New 3D seismic was acquired over the deepwater part of the Contract Area in early 2011. Interpretation of the data at hand indicates multiple large prospects within both the post-rift Upper Cretaceous fan sands (the same play type as Jubilee) and pre-rift Lower Cretaceous rotated fault blocks (the same play type as the Espoir and Baobab oil fields). To date several prospects and leads have been mapped and have unrisked prospective resources of greater than 3 billion barrels.

It is anticipated that the commitment well will likely target a large, deepwater, Jubilee look-a-like trap with prospective resources in the range of half a billion barrels. Well planning is in progress with various rig options currently being investigated.

Tap Oil (Ghana) Limited holds a 36% operating stake in the project, while fex Oil (Ghana) Limited and Challenger Minerals (Ghana) Limited each hold 27% and the Ghana National Petroleum Company holds a 10% free-carried interest, with the option of expanding it should a commercial discovery be made. Tap also has an agreement with Challenger Minerals to buy an additional 5% equity, subject to GNPC approval.


Egypt >>  6/27/2022 - Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with Roger Planck, Chairman of the Board of Directors of the American ...
Mongolia >>  6/27/2022 - The AIM-listed Mongolian oil explorer Petro Matad Limited ("Petro Matad" ) releases its audited final results for the fiscal year that ended on Decemb...

Uruguay >>  6/27/2022 - With assets in oil production, appraisal, development, and exploration across the region, Challenger Energy (CEG), an oil and gas company with a focus...
Indonesia >>  6/24/2022 - A Production Sharing Contract (PSC) has been signed with PETRONAS North Ketapang Sdn. Bhd., a subsidiary of PETRONAS, for the North Ketapang Block, wh...

Namibia >>  6/22/2022 - Global Petroleum Limited provides an update on its operations in Namibia and Italy.

Namibia
On 25 April 2022 the Company announced th...

Pakistan >>  6/22/2022 - Oil and Gas Development Limited, being the operator of Kalchas Exploration Licence (operator, 50%) along with Mari Petroleum Company Limited (MPCL, 50...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.