Operations
| Ghana | Keta Block |
|---|---|
| Working Interest | 95% |
| Production Start-up | - |
| Production Peak | - |
| Operator | Afren |
| Work Programme | Exploration |
*88% post completion - awaiting government ratification
Background:
In November 2007, Afren announced that it had entered into agreement with Devon to acquire, (subject to final approvals) a 95% working interest and operatorship of the Keta Block, which is located offshore Eastern Ghana, positioned at the heart of the Volta River Basin. GNPC holds the remaining 5% interest and is carried through the exploration period. The block covers an area of 5,500km2, in water depths ranging from 1,000m to 2,800m.
Previous exploration activity in the area was focused on the shallow water and onshore area, mainly targeting tertiary plays and was unsuccessful. The remaining highly attractive potential on the Keta Block lies within the deep water sandstones of the Upper Cretaceous section. This play type is very similar to that successfully proven by recent drilling in the Jubliee and Odum discoveries. This success has finally confirmed Ghana's emergence as a major hydrocarbon province.
The Keta block is covered by 1,600km2 of good quality 3D seismic that has recently been reprocessed with a marked improvement in data quality. Further technical evaluation of the re-processed seismic data is ongoing, prior to drilling.
Operations Update:
Exploration drilling is planned for fourth quarter 2008 with the first well targeting the Cuda prospect which is estimated to contain over 300 mmbbls of mean potential resources.
