Development Projects

Aker Energy 7233

Aker Energy is currently developing the Pecan field, targeting 450 million barrels of oil.

Aker Energy holds a 50 percent participating interest in the Deepwater Tano Cape Three Points block in Ghana, and is the operator of the block.

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 five appraisal wells on the block has proved a significant resource base as well as a high upside.

The block contains gross discovered contingent resources estimated to be 550 million barrels of oil equivalent (2c), in addition to a significant prospective volume upside of around 400 mmboe from additional appraisal activities.

Piechart

The Pecan development

Aker Energy sees numerous opportunities in the DWT/CTP block, and is starting with development of the Pecan field. By utilizing the expertise in oil field developments from other Aker Group companies, the company is putting in place a commercially robust development solution targeting approximately 450 million barrels of oil equivalent (gross). Aker Energy targets to submit the Plan of Development (PoD) in 2018, with anticipated first oil in 2021 and a plateau production of ~125,000 barrels of oil per day.

Aker Energy is planning to develop the Pecan field in the DWT/CTP block with a purpose-built FPSO connected to a subsea production system at 2,400 meters below sea level offshore Ghana. The development concept will build on experience derived from operations on the Norwegian Continental Shelf and the successful application of advanced drilling and optimized field development operations. Proven artificial lift solutions will enhance recovery rates while infield pipeline solutions will ensure flow properties. The subsea production system will be designed to facilitate rapid tie-backs to the centrally located FPSO in the second phase.

The Pecan field was discovered by Hess in 2012, that 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. Aker Energy plans to further appraise the field in 2018, to establish the oil/water contact and to test the reservoir communication to optimize the drainage strategy. The target is to increase recovery beyond 25% and reduce development well count below 40 using longer and smarter wells optimally placed in the reservoir.

Licence Location

Development philosophy

Aker Energy will be built on decades on oil and gas know-how in the Aker Group, and will draw upon its employees’ experience from leading numerous oil field development projects on the Norwegian Continental Shelf and globally. Aker Energy intends to build its organization on the same success factors that have led to Aker BP’s success on the NCS, namely time efficient solutions, digitalisation, the use of alliances and an entrepreneurial and flexible organisation. Furthermore, digitalisation of E&P operations will be on top of our agenda, and we will seek expertise from third parties to unlock the vast opportunities from digitalisation and data handling.