Development Projects
Aker Energy holds a 50% participating interest in the Deepwater Tano Cape Three Points block in Ghana, including the Pecan development project.
Other partners are Lukoil (38%), Fueltrade (2%) and Ghana National Petroleum Corporation (10%). The Tano Basin offshore Ghana is a prolific petroleum region, and the DWT/CTP Block is centrally located within this basin. Seven successful exploration wells and eight appraisal wells on the block has proved a significant resource base as well as offering a high upside.
The Pecan Field Development
Aker Energy sees numerous opportunities in the DWT/CTP Block, and is starting with development of the Pecan Field. The development scheme is selected to adapt to a changing world and significant volatility in commodity prices.
Aker Energy will develop the Pecan Field with a re-deployed FPSO connected to a subsea production system in 2,700 meters below sea level.. The development concept will build on experience derived from projects and operations in similar water depths and conditions globally, and application of advanced drilling operations. In order to minimize risk exposure during project execution and field operations, and in an acknowledgement of the water depth, qualified technologies and well-known development solutions will be utilized.
The Pecan Field was discovered by Hess in 2012 and they had appraised the field with five reservoir penetrations. The appraisals and drill-stem tests showed promising results and a light, under-saturated oil with favourable oil characteristics suited for waterflood.
Development philosophy
Aker Energy, as the Operator, will build on decades on oil and gas know-how in the Aker Group, and will draw upon experience from numerous oil field development projects on the Norwegian Continental Shelf and globally.
Aker Energy, as an entrepreneurial and flexible organization, will in close collaboration with partners and highly experienced subcontractors ensure selection of the most optimum and efficient development solutions for the developments of the Pecan Field. Efficiency will be delivered through focusing on a lean organizational structure working closely with selected subcontractors, and an effective use of technology, including qualified digitalization solutions.
