Aker Energy, operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, has announced that it would soon complete the successful drilling operation of the Pecan-4A appraisal well offshore Ghana.
The main purpose of the Pecan-4A appraisal Well was to confirm Aker Energy’s understanding of the geology in the area and to identify deep oil water contact in the Pecan reservoir, which had successfully been proven, a statement from Aker Energy and copied the Ghana News Agency on Friday said.
The Well was drilled at the Pecan field in the DWT/CTP block approximately 166 kilometres southwest of Takoradi in Ghana, to a vertical depth of 4,870 meters in 2,667 meters of water.
The DWT/CTP block offshore Ghana contains seven discoveries, of which Pecan is the main discovery to date.
"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, Mr Jan Arve Haugan, Chief Executive Officer at Aker Energy indicated in the statement.
“Based on these results, we will optimise the Plan of Development for the Pecan field. There is still a lot of work to be done, including to conclude the phasing of the development, the size of first phase and detailing of the concept.
“Our most important priority going forward is to deliver a robust field development plan to the Ghanaian authorities," Mr Haugan said.
Based on existing subsurface data from seismic, wells drilled and an analysis of the Pecan-4A well result, the existing discoveries were estimated to contain gross contingent resources (2C) of 450 – 550 million barrels of oil equivalent (mmboe).
Aker Energy estimates that with the next two appraisal wells to be drilled, the total volumes to be included in a Plan of Development (POD) have the potential to increase to between 600 –1,000 mmboe.
In addition, there were identified multiple well targets to be drilled as part of a greater area development after submission of the POD.
“Aker Energy sees great potential in this promising area offshore Ghana. We see the foundation for a phased development producing through several production units.
Since we became the operator less than a year ago, we have established an open, inclusive and transparent collaboration with Ghanaian authorities.”
“It would therefore leverage on the strong collaboration with Ghanaian authorities, to look at an area development. Results from upcoming appraisal wells and the work to establish an area development plan would enable us to optimise the level and timing of production.
This partnership will enable us to unlock the vast potential in the area to the benefit of both the Ghanaian society and our license partners. We are looking forward to continuing and further strengthening this partnership to develop the Ghanaian oil and gas industries,” the statement noted.
“First and foremost, we are looking forward to continuing and further strengthening this partnership to develop the Ghanaian oil and gas industries.
From an operational point of view, the most important priority going forward was to continue a safe and promising drilling campaign, and to deliver a robust field development plan to the Ghanaian authorities.
There is still a lot of work to be done, including to conclude the phasing of development, the size of first phase and the detailing of the concept”, the statement said.
Aker Energy is the operator of the DWT/CTP block with a 50 per cent participating interest, with the other partners being LUKOIL-38 per cent, the Ghana National Petroleum Corporation (GNPC) -10 per cent and Fueltrade-two per cent shares.