Ghana: Aker Energy announces successful appraisal of Pecan 4A field

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By Mandisa Nduli, Editor

Offshore oil and gas operator, Aker Energy, has discovered oil in commercial quantities in the Deepwater Cape Three Points block – Pecan 4A field offshore Ghana.

The discovery is considered the biggest oil find in Ghana’s history to date off the western coast.

In an official statement the Norwegian company said that, based on the existing subsurface data from seismic wells drilled, and an analysis of the Pecan-4A well result, the existing discoveries are estimated to contain gross contingent resources (2C) of 450 – 550 million barrels of oil equivalent.

“We are pleased to announce the well results, confirming our understanding of the area, as well as the resource base and upside potential in the DWT/CTP block. Based on these results, we will optimize the Plan of Development for the Pecan field,” said Jan Arve Haugan, Chief Executive Officer at Aker Energy.

With the next two planned evaluation wells, Aker Energy’s Plan of Development could bring the total reserves of this field to between 600 and 1000 million barrels of oil equivalent.

“Aker Energy sees great potential in this promising area offshore Ghana. We see the foundation for phased development producing through several production unit. Since we became the operator less than a year ago, we have established an open and transparent collaboration with Ghanaian authorities,” the company said.
As operator of the DWT/CTP block, Aker holds a 50 percent participating interest, Aker Energy’s partners are LUKOIL (38 percent), the Ghana National Petroleum Corporation (10 percent) and Fueltrade (2 percent).

Reports have surfaced saying the announcement of this new oil discovery is false and deceptive. This follows an official statement by Ghana’s opposition party questioning the validity of the news. Aker Energy has not responded to these reports.