Earlier referred to as prospect E, Dzata structure has mean resource potential in the order of 400 mmbo.
Vanco Energy holds 28.34% (operator) interests in the license, LUKOIL Oil Company holds 56.66% and Ghana National Petroleum Corporation holds 15%.
The Tano-Ivorian basin represents a sweet spot along the transform margin of Africa where the existence of active petroleum systems improves the potential for deepwater oil and gas discoveries. Extensive Tano tar sands and oil seepages are known in onshore Ghana and Cote d’Ivoire and exploration efforts so far on the continental shelf have yielded various oil and gas discoveries.
Vanco Energy’s interest is focused on the deeper water area where structures turn into more robust and are well positioned to include major hydrocarbon resources.
Together with this, Vanco Energy signed the CTPD water petroleum agreement with the Ghanaian authorities in August 2002.
The recent Mahogany discovery, currently known as the Jubilee field, situated only 50 miles from CTPD water, is anticipated to comprise 500 million to 1.3 billion barrels of recoverable oil.
The Hyedua appraisal well authenticated the existence of this main oil accumulation. This has triggered wide exploration activity in the area comprising numerous wells that are intended by Vanco Energy and others in the emerging transform margin play.
