Central Tano Block
- Petroleum Agreement
- Registration Permits
- Exploration and development Permits
- Licenses to Install and Operate Facilities
- Permits to Install and Operate Facilities
- Reconnaissance Licenses
- Drilling Permits
- Production Permits
- Flaring or Venting Authorisations
- Approval of Third Party Access
- Permitted Mortgages
- Assignments
- Any Other Permit, Authorization, Approval, Certificate or Consent
OPERATOR: Amni International Petroleum Development Company (Ghana) Limited – 85% interest in block
OTHER CONTRACTING PARTIES:
Ghana National Petroleum Corporation (GNPC) – 10% interest in block
WCW Limited — 5% interest in block
Contract Area Size: 277.9 sq.km
Effective Date: March 21, 2014
Exploration Period: 6 years
Current Phase of Operations: Initial Exploration Period
Extension (s): + 1 year 9 months [March 21, 2017 to Dec 20, 2018]
Minimum Initial Exploration Programme
Licensing existing 3D seismic data over contract area (about 277.9km2)
Drill two (2) exploratory wells
Minimum Expenditure: US$ 150 million
Status of Operations
- Exploration
FISCAL TERMS
Royalty: Twelve and a half percent (12.5%) of Gross Production of Crude Oil shall be delivered to the State as Royalty.
The Royalty to be delivered to the State on Natural Gas shall be at the rate of five percent (5%) for the Natural Gas destined to the domestic market and ten percent (10%) for Natural Gas to be exported as LNG.
Income Tax: In accordance with the Petroleum Income Tax law 1987 (PNDC L188), income tax shall be levied at the rate of thirty five percent (35%)
Surface Rental
Additional Oil Entitlement: Refer to the Petroleum Agreement.
CENTRAL TANO BLOCK
| wdt_ID | NAME OF CONTRACTOR PARTY | TYPE OF PERMIT | PURPOSE OF PERMIT | PERMIT NUMBER | PERMIT VALIDITY PERIOD | PERMIT END PERIOD |
|---|---|---|---|---|---|---|
| 1 | Amni International Petroleum Development Company Limited | Registration Permit | Permit to undertake Exploration | PC/000264/A/10-14 | 21/10/2014 | 20/10/2015 |
| 2 | Amni International Petroleum Development Company Limited | Exploration and Development Permit | As Operator in respect of Central Tano Block | PC/EDP/0000015/10-16R | 21/10/2016 | 20/10/2017 |
| 3 | Amni International Petroleum Development Company Limited | Exploration and Development Permit | As Operator in respect of Central Tano Block | PC/EDP/0000016/10-17R | 21/10/2017 | 20/10/2018 |
| 4 | Amni International Petroleum Development Company Limited | Exploration and Development Permit | As Operator in respect of Central Tano Block | PC/EDP/0000016/10-18R | 21/10/2018 | 20/10/2019 |
| 5 | Amni International Petroleum Development Company Limited | Exploration and Development Permit | As Operator in respect of Central Tano Block | PC/EDP/0000023/10-19R | 21/10/2019 | 20/10/2020 |
| 6 | Amni International Petroleum Development Company Limited | Exploration and Development Permit | As Operator in respect of Central Tano Block | PC/EDP/0000034/10-20R | 21/10/2020 | 20/10/2021 |
| 7 | Amni International Petroleum Development Company Limited | Exploration and Development Permit | As Operator in respect of Central Tano Block | PC/EDP/0000037/10-21R | 21/10/2021 | 20/10/2022 |
| 8 | Amni International Petroleum Development Company Limited | Exploration and Development Permit | As Operator in respect of Central Tano Block | PC/EDP/0000042/10-22R | 21/10/2022 | 20/10/2023 |
| 9 | Amni International Petroleum Development Company Limited | Exploration and Development Permit | As Operator in respect of Central Tano Block | PC/EDP/0000044/10-23R | 21/10/2023 | 20/10/2024 |
| 10 | Amni International Petroleum Development Company Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of Central Tano Block | PC/CPA/0000028/10-16R | 21/10/2016 | 20/10/2017 |
| NAME OF CONTRACTOR PARTY | TYPE OF PERMIT | PURPOSE OF PERMIT | PERMIT NUMBER | PERMIT VALIDITY PERIOD | PERMIT END PERIOD |
