Tap to Explore Highly Prospective Ghana Block

Source: www.gulfoilandgas.com 3/30/2010, Location: Africa

Tap Oil confirms it has executed a Petroleum Agreement with the Ghana National Petroleum Corporation for the exploration of the “Offshore Accra Contract Area”, in Ghana, West Africa. Tap will hold a 36% interest and be the Operator of the Joint Venture and Petroleum Agreement.

The Agreement will become effective when ratified by the Parliament of the Republic of Ghana. We have been advised verbally that ratification occurred on 24 March 2010 and await written confirmation.

3D seismic indicates the potential for multiple large (+100 million barrel) oil accumulations in the Contract Area.

The Offshore Accra Contract area is located on the West African Transform Margin. One of the world’s largest oil discoveries in 2007, Kosmos Energy and Tullow Oil’s 1.2 billion barrel Jubilee discovery, is located in the adjacent and analogous basin which also forms part of the West African Transform Margin.

The Offshore Accra Contract Area fits Tap’s strict internal technical, economic and overall operating criteria for new ventures. It forms part of Tap’s exploration strategy, of adding 1-2 high quality blocks to its portfolio each year and gaining maximum value by securing the acreage early in the exploration cycle.

2010 activity in the Contract Area will focus on seismic reprocessing and new seismic acquisition, with one well to be drilled 2011/12.

Ghana ranks as one of the most financially and politically stable countries in Africa. That stability was highlighted when US President Barack Obama deliberately chose Ghana as his first African destination upon becoming US President.


Morocco >>  8/9/2022 - Sound Energy, the transition energy company, is pleased to provide an update on the Phase 2 development financing of its Tendrara Production Concessio...
United Kingdom >>  8/8/2022 - The Operator of PEDL241, Egdon Resources U.K. Limited, has filed an appeal on behalf of the Joint Venture partnership against Lincolnshire County Coun...

Colombia >>  7/29/2022 - Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off t...
Ireland >>  7/29/2022 - Europa Oil & Gas, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, has announced that the ...

United Arab Emirates >>  7/29/2022 - Abu Dhabi National Oil Company (ADNOC) announced today a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offsho...
Gambia >>  7/28/2022 - FAR Limited an independent, Africa focused, oil & gas exploration company, provides its quarterly activities report for the quarter ended 30 June 2022...

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.