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Aker — Regulatory Filings 2019
Mar 4, 2019
3526_rns_2019-03-04_b1ca207e-5aba-4466-ad2c-85c1b4c5ecfe.html
Regulatory Filings
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Aker ASA: Aker Energy announces successful drilling results offshore Ghana
Aker ASA: Aker Energy announces successful drilling results offshore Ghana
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP)
block, announces that it encountered oil in the Pecan South-1A well offshore
Ghana. A sidetrack will now be drilled to further appraise the volume
potential.
The Pecan South-1A well was drilled south of the main Pecan field in the DWT/CTP
block and encountered oil. Aker Energy is in the process of analyzing the well
result and will commence further drilling in order to verify the volume
estimate. These volumes will be an addition to the gross contingent resources
(2C) from the existing discoveries in the area, previously estimated to 450 -
550 mmboe.
"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 finalizing the Plan of Development to be
submitted by the end of March," says Jan Arve Haugan, CEO of Aker Energy.
The drillship Maersk Viking will now drill a sidetrack well in Pecan South,
before relocating to drill the third well in the ongoing appraisal campaign,
Pecan South East. Based on the Pecan South result and pre-drill estimates of
Pecan South East, Aker Energy estimates that the total volumes to be included in
a Plan of Development (POD) have the potential to increase to between 600 -
1,000 mmboe. Aker Energy sees further upsides in the area. The company has
identified multiple well targets to be drilled as part of a greater area
development after submission of the POD.
Aker Energy is the operator of the DWT/CTP block with a 50% participating
interest. Aker Energy's partners are LUKOIL (38%), the Ghana National Petroleum
Corporation (GNPC) (10%) and Fueltrade (2%).
Media contact:
Håkon Høgetveit, Head of Communications, Aker Energy
+47 476 29 348 | [email protected]
(mailto:[email protected])
Investor contact:
Per Kristian Reppe, Investment Manager & Head of Investor Relations, Aker ASA
+47 900 33 203 | [email protected] (mailto:[email protected])
About Aker Energy
Aker Energy Ghana Ltd., a subsidiary of Norwegian-based oil exploration and
production firm, Aker Energy AS, is the operator of the Deepwater Tano Cape
Three Points (DWT/CTP) block, with a 50 per cent participating interest in the
licence. Aker Energy aims to build the oil and gas operator of choice offshore
Ghana. The company benefits from the Aker Group's extensive track-record within
the oil and gas industry around the world, and its proven project execution,
technical and subsurface competence and ability. Aker Energy is now operational
with offices in Oslo, Norway and Accra, Ghana. Aker Energy is envisioning to go
beyond local content and share knowledge and experience to strengthen the local
oil and gas industry in Ghana. For more information, please visit
www.akerenergy.com (http://www.akerenergy.com/)