Aker Energy Expands Activity in Ghana

Aker Energy, a 50-50 joint venture between Aker and TRG, has entered into an agreement with Hess Corporation to acquire a 50 percent participating interest in the Deepwater Tano Cape Three Points block (DWT/CTP) offshore Ghana.

The total cash consideration for the transaction is USD 100 million, consisting of USD 25 million payable upon closing of the transaction and a further USD 75 million payable upon approval of the Plan for Development and Operation (PDO) on the DWT/CTP block.

The acquisition is subject to approval from relevant Ghanaian authorities and other customary closing conditions, the company noted.

The discovered contingent resources of the block are estimated to be 550 million barrels (2C) with a remaining prospective volume upside of approximately 400 million barrels.

The field development concept will be based on a FPSO with a subsea production system. 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 PDO will be submitted in 2018 with anticipated first oil in 2021.

Share this article

Follow Subsea World News

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Global Petroleum Show (GPS)

The Global Petroleum Show Conference is a comprehensive three-day program where…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Decom Offshore 2019

As an established industry event, Decom Offshore 2019 provides delegates with the valuable opportunity to network…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >