OPERATOR: 

Tullow Ghana Limited – 25.66% interest in block

​OTHER CONTRACTING PARTIES:

    1. Kosmos Energy Ghana HC – 53.91% interest in block

    2. Ghana National Petroleum Corporation (GNPC) – 12.5% interest in block

    3. Jubilee Oil Holding Limited — 6.13% interest in block

    4. PetroSA Ghana Limited – 1.80% interest in block

​Contract Area Size:

  1. Portion of Jubilee Field: 48 sq. km

  2. Mahogany, Teak and Akasa Discovery Areas: 416 sq.km

​Effective Date: Jully 22, 2004

Current Phase of Operations: Development, production and appraisal

​Status of Operations

Kosmos partners Tullow to produce oil from the Jubilee Field. Work is in progress for addition of Mahogany and Teak Resources to the Greater Jubilee Field Development. Appraisal of Akasa discovery is underway to establish its commercial viability.

FISCAL TERMS

Royalty:

even and one half percent (7.5%) of the Gross Production of Crude Oil shall be delivered to the State as Royalty; provided that if all or any part of the accumulation of Crude Oil within such Area is located in water depth of about two hundred (200) meters, (six hundred and fifty six (656) feet) or more, the rate of royalty will be five percent (5%).

Rate of royalty for any Crude Oil with API gravity of less than twenty shall be five percent (5%).

​Royalty to be delivered to the state on Natural Gas shall be at the rate of five percent (5%) for the annual Gross Production of Natural Gas.

Income Tax: Taxes in accordance with the Petroleum Income Tax Law in force and as may be amended from time to time and income tax shall be levied at the rate of 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

 

ASSETS

Surface Rental

Additional Oil Entitlement: Refer to the Petroleum Agreement.

WEST CAPE THREE POINT

wdt_ID NAME OF CONTRACTOR PARTY TYPE OF PERMIT PURPOSE OF PERMIT PERMIT NUMBER PERMIT VALIDITY PERIOD PERMIT END PERIOD
1 Registration Permit Permit to undertake Exploration and Development and Production PC/000057/A/04-13 April 02, 2013 April 01, 2014 Registration Permit
2 Registration Permit Permit to undertake Exploration and Development and Production PC/000066/A/04-13 April 10, 2013 April 09, 2014 Registration Permit
3 Registration Permit Permit to undertake Exploration and Development and Production PC/001037/A/04-14R April 02, 2014 April 01, 2015 Registration Permit
4 Exploration & Production Permit Permit to undertake Exploration and Development and Production PC/003/E&P/12-14 December 10, 2014 December 09, 2015 Exploration & Production Permit
5 Registration Permit Permit to undertake Exploration and Development and Production PC/0010066/A/04-14R April 10, 20214 April 09, 2015 Registration Permit
6 Exploration & Production Permit Permit to undertake Exploration and Development and Production PC/009/E&P/04-15R April 02, 2015 April 01, 2016 Exploration & Production Permit
7 Exploration & Production Permit Permit to undertake Exploration and Development and Production PC/013/E&P/04-15R April 10, 2025 April 09, 2016 Exploration & Production Permit
8 Exploration & Production Permit Permit to undertake Exploration and Development and Production PC/017/E&P/12-15R December 10, 2015 December 09, 2016 Exploration & Production Permit
9 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 Contractor Party to Petroleum Agreement
10 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 Contractor Party to Petroleum Agreement
11 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 Contractor Party to Petroleum Agreement
12 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 Contractor Party to Petroleum Agreement
13 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 Contractor Party to Petroleum Agreement
14 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 Contractor Party to Petroleum Agreement
15 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 Contractor Party to Petroleum Agreement
16 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 Contractor Party to Petroleum Agreement
17 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 Contractor Party to Petroleum Agreement
18 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 Contractor Party to Petroleum Agreement
19 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 Contractor Party to Petroleum Agreement
20 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 Contractor Party to Petroleum Agreement
21 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 Contractor Party to Petroleum Agreement
22 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 Contractor Party to Petroleum Agreement
23 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 Contractor Party to Petroleum Agreement
24 Contractor Party to Petroleum Agreement As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area PC/CPA/0000154/04-24R April 10, 2024 April 09, 2025 Contractor Party to Petroleum Agreement
25 Contractor Party to Petroleum Agreement As a Contractor Party to Petroleum Agreement in respect of the Deep Water Tano Contract Area PC/CPA/0000155/05-24R May 11, 2024 May 10, 2025 Contractor Party to Petroleum Agreement
NAME OF CONTRACTOR PARTY TYPE OF PERMIT PURPOSE OF PERMIT PERMIT NUMBER PERMIT VALIDITY PERIOD PERMIT END PERIOD

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