- 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 Authorizations
- Approval of Third Party Access
- Permitted Mortgages
- Assignments
- Any other Permit, Authorization, Approval, Certificate or Consent Consent
ASSETS
Surface Rental
Additional Oil Entitlement: Refer to the Petroleum Agreement.
OPERATOR:
Tullow Ghana Limited – 54.84% interest in block
OTHER CONTRACTING PARTIES:
- Kosmos Energy Ghana HC – 19.76% Interest in Block
- Ghana National Petroleum Corporation (GNPC) –15% Interest in Block
- Jubilee Oil Holding Limited — 5.95% Interest in Block
- PetroSAGhana Limited – 4.45% Interest in Block
Contract Area Size:
- Portion of Jubilee Field: 61 sq. km
- TEN Development and Production Area: 450 sq. km
- Wawa Discovery Area: 106 sq.km
Effective Date: March 10, 2006
Exploration Period: 61/2 years
Current Phase of Operations: Development and Production
Status of Operations
Contractor is producing oil from the Jubilee and TEN Fields utilizing the FPSO Kwame Nkrumah and FPSO JEA Mills respectively. Approval has been given by the Minister of Energy for the Integration of the Jubilee Field resources with resources from Mahogany and Teak within the West Cape Three Points Contract Area (The Greater Jubilee Development). The Contractor is also evaluating that of Wawa Discovery for commercial tie-in to the TEN Project.
FISCAL TERMS
Royalty: Five percent (5%) of the Gross Production of Crude Oil shall be delivered to the State as Royalty.
Royalty for any Crude Oil having an API gravity of less than eighteen degrees shall be four percent (4%).
Royalty to be delivered to the State on Natural Gas shall be at the rate of three percent (3%) of the annual Gross Production of Natural Gas.
Income Tax: In accordance with the provisions of the Income Tax law, petroleum income tax shall be levied at thirty five percent (35%).
Withholding Tax: Save for withholding tax at the rate of five percent (5%) from the aggregate amount due to any Subcontractor (other than the State or any entity wholly owned or controlled by the State, where such entity is in the possession of a certification of exemption from withholding tax from the Commissioner of Internal Revenue Service, in which case withholding tax shall not be payable).
DEEPWATER TANO
| wdt_ID | NAME OF CONTRACTOR PARTY | TYPE OF PERMIT | PURPOSE OF PERMIT | PERMIT NUMBER | PERMIT VALIDITY PERIOD | PERMIT END PERIOD |
|---|---|---|---|---|---|---|
| 1 | Tullow Ghana Limited | Registration Permit | Permit to undertake Exploration and Development and Production | PC/000057/A/04-13 | April 02, 2013 | April 01, 2014 |
| 2 | Kosmos Energy Ghana HC | Registration Permit | Permit to undertake Exploration and Development and Production | PC/000066/A/04-13 | April 10, 2013 | April 09, 2014 |
| 3 | PetroSA Ghana Limited | Exploration & Production Permit | Permit to undertake Exploration and Development and Production | PC/003/E&P/12-14 | December 10, 2014 | December 09, 2015 |
| 4 | Kosmos Energy Ghana HC | Registration Permit | Permit to undertake Exploration and Development and Production | PC/0010066/A/04-14R | April 10, 2014 | April 09, 2015 |
| 5 | Tullow Ghana Limited | Registration Permit | Permit to undertake Exploration and Development and Production | PC/001037/A/04-14R | April 02, 2014 | April 01, 2015 |
| 6 | Tullow Ghana Limited | Exploration & Production Permit | Permit to undertake Exploration and Development and Production | PC/009/E&P/04-15R | April 02, 2015 | April 01, 2016 |
| 7 | Kosmos Energy Ghana HC | Exploration & Production Permit | Permit to undertake Exploration and Development and Production | PC/013/E&P/04-15R | April 10, 2015 | April 09, 2016 |
| 8 | PetroSA Ghana Limited | Exploration & Production Permit | Permit to undertake Exploration and Development and Production | PC/017/E&P/12-15R | December 10, 2015 | December 09, 2016 |
| 9 | Kosmos Energy Ghana HC | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreements in respect of the West Cape Three Points and Deep Water Tano Contract Areas | PC/CPA/0000005/04-16R | April 10, 2016 | April 09 2017 |
| 10 | Tullow Ghana Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreements in respect of the West Cape Three Points and Deep Water Tano Contract Areas | PC/CPA/0000006/04-16R | April 02, 2016 | April 01, 2017 |
| 11 | PetroSA Ghana Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreements in respect of the West Cape Three Points and Deep Water Tano Contract Areas | PC/CPA/0000009/12-16R | December 10, 2016 | December 09, 2017 |
| 12 | Kosmos Energy Ghana HC | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreements in respect of the West Cape Three Points and Deep Water Tano Contract Areas | PC/CPA/0000018/04-18R | April 10, 2018 | April 09, 2019 |
| 13 | PetroSA Ghana Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreements in respect of the West Cape Three Points and Deep Water Tano Contract Areas | PC/CPA/0000035/12-18R | December 10, 2018 | December 09, 2019 |
| 14 | PetroSA Ghana Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000059/12-19R | December 10, 2019 | December 09, 2020 |
| 15 | Kosmos Energy Ghana HC | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000065/04-20R | April 10, 2020 | April 09 2021 |
| 16 | PetroSA Ghana Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000078/12-20R | December 10, 2020 | December 09, 2021 |
| 17 | Kosmos Energy Ghana HC | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000085/04-21R | April 10, 2021 | April 09, 2022 |
| 18 | PetroSA Ghana Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000098/12-21R | December 10, 2021 | December 09, 2022 |
| 19 | Kosmos Energy Ghana HC | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000103/04-22R | April 10, 2022 | April 09, 2023 |
| 20 | PetroSA Ghana Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000125/12-22R | December 10, 2022 | December 09, 2023 |
| 21 | Kosmos Energy Ghana HC | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000130/04-23R | April 10, 2023 | April 09, 2024 |
| 22 | Kosmos Energy Ghana Investments | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000131/05-23 | May 11, 2023 | May 10, 2024 |
| 23 | PetroSA Ghana Limited | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000146/12-23R | December 10, 2023 | December 09, 2024 |
| 24 | Kosmos Energy Ghana Investments | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000157/05-24R | May 11, 2024 | May 10, 2025 |
| 25 | Kosmos Energy Ghana HC | Contractor Party to Petroleum Agreement | As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area | PC/CPA/0000156/04-24R | April 10, 2024 | April 09, 2025 |
| NAME OF CONTRACTOR PARTY | TYPE OF PERMIT | PURPOSE OF PERMIT | PERMIT NUMBER | PERMIT VALIDITY PERIOD | PERMIT END PERIOD |
