….After US$1.6 Billion deal with GNPC collapsed
Aker Energy, the operator of the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana, has finally submitted a Plan of Development (PoD) to the Ghanaian authorities, following the botched US$1.6 billion deal with the Ghana National Petroleum Corporation (GNPC).
Aker Energy Ghana Ltd, has been struggling to submit a PoD, however, its Ghanaian Chief Executive Officer, Kadijah Amoah, in a statement last Friday said “This is a major milestone for us.”
“We are proud to say that, together with our partners and the Ghanaian authorities, we have submitted a comprehensive plan of development that will form the basis for the sustainable and efficient development of the Pecan field,” she noted.
The PoD was presented to the Minister of Energy, Dr Mathew Opoku Prempeh, at the Ministry of Energy in Accra on Friday, 14 April 2023.
The PoD presents an overall plan for a phased development and production of the resources in the DWT/CTP contract area.
The phased development plan, will start with the development of the Pecan field as a firm phase one, being the largest of several discoveries in the contract area.
The main Pecan field, located in ultra-deep waters ranging from 2,400 to 2,700 meters about 115 kilometers offshore Ghana, will be developed with a Floating Production Storage and Offloading (FPSO) vessel and a subsea production system (SPS).
The operator and partners expect the Pecan field development and subsequent phases to provide significant proceeds to Ghana.
“This has been a team effort and despite the significant challenges we faced, we have shown once again our resilience and unflinching commitment to the project.”
“We now look forward to the approval of the PoD so we can get to work, developing and producing the resources for the ultimate benefit of the Ghanaian people,” said Amoah.
Aker Energy Ghana Ltd, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, is an exploration and Production Company and the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block.
It holds a 50percent participating interest in the license, and the partners are Lukoil Overseas Ghana Tano Limited (38%), the Ghana National Petroleum Corporation (GNPC) (10%) and Fueltrade Limited (2%).
Aker Energy aims to become the oil and gas operator of choice offshore Ghana, by maturing and producing resources in a safe, efficient and reliable manner to the benefit of the company, partners and the people of Ghana.
Aker Energy AS, is part of the Norwegian Aker group of companies, with Aker ASA and TRG AS, as its majority shareholders.
