Pecan appraisal comes in for Aker Energy

15 January 2019, Week 02, Issue 770

Aker Energy has completed the Pecan-4A appraisal well offshore Ghana, announcing that it was successful on January 10. The well was drilled on the Deepwater Tano Cape Three Points (DWT/CTP) block. 

The Pecan field – the main discovery on the block – is around 166 km southwest of Takoradi. The well reached a vertical depth of 4,870 metres, in 2.667 metres of water. The block holds seven discoveries, thus far. The well was drilled by the Maersk Viking, which arrived in October 2018. The rig contract covers the drilling of two optional wells, the company said at the time. 

"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,” said Aker Energy’s CEO, Jan Arve Haugan. “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 [the] 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." 

As a result of the Pecan-4A result, Aker Energy has put gross contingent resources at 450-550 million boe. Another two appraisal wells are to be drilled, which could bump up the resource to 600 million to 1 billion boe, which could be covered by the development plan. 

There are further wells that could be drilled, with targets identified, after the plan is submitted, covering the greater area. 

Haugan said the company believed there was potential for a phased development, which would produce via a number of units. Aker Energy’s work with Ghana “will enable us to unlock the vast potential in the area to the benefit of both the Ghanaian society and our licence partners”. 

Aker Energy is the operator of the block with a 50% stake, while Lukoil has 38%, Ghana National Petroleum Corp. (GNPC) has 10% and Fueltrade has 2%. 

 

Edited by

Ed Reed

Editor

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