Aker Energy has concluded its appraisal drilling campaign at the Deepwater Tano-Cape Three Points (DT-CTP) block off Ghana.
The company said it is currently working on a revised Plan for Development and Operations (PDO), following feedback from Ghanaian authorities.
“Based on close collaboration with Ghanaian authorities, regulators and our license partners, Aker Energy submitted an application for approval of a comprehensive development plan with the objective of maximising oil recovery in the DWT/CTP area. We are currently updating the application with an ambition to get the formal approval ahead of our final investment decision, allowing us to commence execution of this promising development project,” said Jan Arve Haugan, CEO of Aker Energy.
The purpose of the appraisal campaign was to verify the partners’ understanding of the area and to prove up additional resources to further strengthen the Pecan field development. The recent appraisal drilling campaign has contained of three appraisal wells and a side-track well.
“The appraisal wells have provided valuable information for us to further optimise the area development plan in the DWT/CTP block. We remain committed to continue developing the petroleum resources in the area in a way that will deliver value to the people of Ghana and to us and our partners,” added Haugan.
Aker said that the Pecan-4A and Pecan South, the first and second wells in the appraisal campaign, identified deep oil/water contact and confirmed the partners’ geological model. Based on preliminary data analysis, it is estimated that between 5-15 million barrels of oil equivalent (mmboe) could be added to the Pecan field development from Pecan South.
Aker and its partners will now assess the data gathered from the well to evaluate whether the accumulation could be tied-in to the Pecan field development.
Aker Energy Ghana Limited is the operator under the DWT/CTP Petroleum Agreement with a 50 per cent participating interest. Its partners are Lukoil Overseas Ghana Tano Limited (38 per cent), the Ghana National Petroleum Corporation (GNPC) (10 per cent) and Fueltrade Limited (2 per cent).