Ghana: Azonto seeks further extension

Azonto Petroleum is in talks with the government about a further extension to the Offshore Accra contract area. A six-month extension to the initial exploration period was granted in March, but Azonto said it had not had enough time to conclude a planned farm-out. The block is operated by Azonto Petroleum (Ghana), owned 57% by Azonto Petroleum, the former Rialto Energy, and 43% by Vitol E&P. Azonto’s partners are Afex Global and Ghana National Petroleum Corporation, which has a 10% carried interest.