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Monday, September 3, 2018
Aker Energy reported that it will delay submitting a plan for development of its block off Ghana until early next year in order to first complete appraisal drilling. The company expects to start drilling in October.
The firm holds a 50% stake in Ghana’s Deepwater Tano Cape Three Points Block, purchased from Hess in February for $100 million.
Aker had initially intended to summit a development plan in H2 but has since changed its mind.
“The forecast now is to start drilling in October… Our goal is to identify the oil/water contact to update the reservoir model,” Chief Executive Jan Arve Haugan told Reuters on the sidelines of an energy conference.
Aker Energy is looking to develop the Pecan field in the Deepwater Tano Cape Three Points block, targeting 450 million barrels of oil.
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