Aker Energy Ghana has completed its appraisal drilling campaign at the Deepwater Tano Cape Three Points (DWT/CTP) block.
The campaign was aimed to gain better understanding of the region and identify additional resources to bolster the Pecan field development.
Initiated in November 2018, the campaign included three appraisal wells and a side-track well.
The first two wells, Pecan-4A and Pecan South, identified deep oil/water contact. A side-track well to Pecan South was also drilled to confirm the potentiality of Pecan South. However, the sidetrack confirmed no recoverable resources due to the presence of a tight reservoir.
Based on preliminary assessment of the procured data, Aker Energy estimates that around 5-15 million barrels of oil equivalent (mmboe) of production can be added from Pecan South.
The third appraisal well, Pecan South East, encountered oil in a thin upper sand. Currently, detailed analysis is being conducted to assess the feasibility of connecting it to the Pecan field development.
Aker Energy CEO Jan Arve Haugan said: “The appraisal wells have provided valuable information for us to further optimise the area development plan in the DWT/CTP block.
“We remain committed to continue developing the petroleum resources in the area in a way that will deliver value to the people of Ghana and to us and our partners
The company is now working on a revised Plan for Development and Operations (PDO), following planned suggestions from the Ghanaian authorities. Once the plan is confirmed, Aker Energy plans to start production from the Pecan field in 35 months after the final investment decision (FID).
Aker Energy Ghana operates the DWT/CTP block with a 50% participating interest. Other partners are Lukoil Overseas Ghana Tano (38%), the Ghana National Petroleum (10%) and Fueltrade (2%).
