Aker Energy has announced that it has submitted the integrated plan of development and operations (PDO) for its Pecan field on its operated Deepwater Tano Cape Three Points (DWT-CTP) block offshore Ghana.
The PDO was submitted on Thursday 28 March and presented to the Minister of Energy, Hon. John Peter Amewu, at the Ministry of Energy in Accra, Ghana.
The integrated PDO 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 area.
The main Pecan field, located in ultra-deep waters ranging from 2,400 to 2,700 metres about 115 kilometres offshore Ghana, will be developed with a Floating Production Storage and Offloading (FPSO) vessel and a subsea production system (SPS).
“This is a proud day for Aker Energy and our partners. After tremendous teamwork and strong collaboration with partners and Ghanaian authorities, we have submitted a comprehensive plan of development and operation. The plan will, once approved, ensure an efficient development and production of the Pecan field and further optimisation of the DWT/CTP petroleum resources in a way that will deliver value to the people of Ghana and to us and our partners,” says Jan Arve Haugan, chief executive officer at Aker Energy.
The PDO is subject to approval from relevant Ghanaian authorities. Upon PDO approval, the partners will initiate a process to make a final investment decision (FID). First oil from the Pecan field is estimated 35 months after the FID is made.
“We are very satisfied to have reached this milestone together with Aker Energy and its partners. The submission of the integrated PDO has been a result of collaboration between the Contractors, GNPC, relevant agencies and the Ministry. The Pecan field will be the fourth producing oil field offshore Ghana and will strongly benefit the people of Ghana,” saidHon. John Peter Amewu, Minister of Energy in Ghana.
The FPSO will be the centre for processing and exporting of crude oil from the field. The development of the Pecan field will comprise of up to 26 subsea wells. It is planned for 14 advanced, horizontal oil producers and 12 injectors with alternating water and gas injection (WAG), and the use of multiphase pumps as artificial lift, to maximise oil production.
“Aker Energy has a long-term ambition to go beyond regulatory requirements to develop the local oil and gas industry, through both investments and transfer of technology, know-how and skills. Therefore, our owner, Aker ASA, has recently initiated plans to establish a separate investment company, Aker Ghana Industrial Corporation, to support the local industry,” added Haugan.
Aker Energy Ghana 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).