Statoil acquires two offshore licenses in South Africa

Aker Energy hits oil offshore Ghana

Mar 04, 2019
2 min read
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Aker Energy has announced that it encountered oil in the Pecan South-1A well in its operated Deepwater Tano Cape Three Points (DWT-CTP) block off Ghana.

The Pecan South-1A well was drilled south of the main Pecan field in the DWT/CTP block and encountered oil. Aker Energy is in the process of analysing the well result and will commence further drilling in order to verify the volume estimate. These volumes will be an addition to the gross contingent resources (2C) from the existing discoveries in the area, previously estimated to 450 - 550 mmboe.

"We are pleased to announce another successful well as the operator of the DWT/CTP block. The drilling result is another confirmation of the geological model for the area. The discovered resources from the well will further strengthen the robustness of the Pecan field development. We will now continue the appraisal drilling campaign, while finalising the Plan of Development to be submitted by the end of March," said Jan Arve Haugan, CEO of Aker Energy.

Based on the Pecan South result and pre-drill estimates of Pecan South East, Aker Energy estimates that the total volumes to be included in a Plan of Development (POD) have the potential to increase to between 600 - 1,000 mmboe. Aker Energy sees further upsides in the area.

Aker Energy is the operator of the DWT/CTP block with a 50 per cent participating interest. Aker Energy's partners are Lukoil (38 per cent), the Ghana National Petroleum Corporation (GNPC) (10 per cent) and Fueltrade (2 per cent).