Aker Energy encounters oil in Pecan South-1A well offshore Ghana

5 March 2019 (Last Updated July 14th, 2020 13:54)

Aker Energy has discovered oil in the Pecan South-1A well, drilled south of the main Pecan field in the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana.

Aker Energy encounters oil in Pecan South-1A well offshore Ghana
The Pecan South-1A well was drilled south of the main Pecan field in the DWT/CTP block. Credit: Aker Energy.

Aker Energy has discovered oil in the Pecan South-1A well, drilled south of the main Pecan field in the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana.

The company now plans to drill a sidetrack well to further appraise the volume potential.

At present, the company is evaluating the well result and plans to start further drilling to verify the volume estimates. These volumes will serve as an addition to the estimated 450-550 million barrels of oil equivalent (MMboe) gross contingent resources (2C) from existing discoveries in the area.

Aker Energy CEO Jan Arve Haugan said: “We are pleased to announce another successful well as the operator of the DWT/CTP block. The drilling result is another confirmation of the geological model for the area.

“The discovered resources from the well will further strengthen the robustness of the Pecan field development. We will now continue the appraisal drilling campaign, while finalising the Plan of Development to be submitted by the end of March.”

“We are pleased to announce another successful well as the operator of the DWT/CTP block.”

The Maersk Viking drillship will drill a sidetrack well in Pecan South, and relocate to drill the third well in the ongoing Pecan South East appraisal campaign.

Aker Energy estimates that the total volumes based on the Pecan South result and pre-drill estimates of Pecan South East could increase to between 600MMboe and 1,000MMboe. These volumes will be included in a Plan of Development (POD).

The company has also identified further well targets to be drilled after submission of the POD, as part of greater area development.

Aker Energy completed a successful drilling operation of the Pecan-4A appraisal well in January 2019.

Aker Energy operates the DWT/CTP block with a 50% participating interest. Remaining partners are Lukoil (38%), the Ghana National Petroleum Corporation (10%) and Fueltrade (2%).