Aker
Energy ASA has confirmed a significant offshore resource base in Ghana
and has reiterated its commitment to scale up new development in the
Deepwater Tano Cape three points block (DWT/CT).
A Government of
Ghana delegation led by Finance Minister, Honourable Ken Ofori-Atta,
Wednesday announced to investors in Oslo, Norway, that overall crude oil
production from Ghana was expected to more than double over the next
four years.
Addressing the meeting of 20 key
international companies, Hon. Ofori-Atta, stated that Ghana has
re-asserted herself strongly as a key destination for petro-chemical
industry players.
Last month, Aker Energy ASA announced the
biggest oil find in Africa, of 450-550 million barrels, with potential
recoverable reserves of nearly one billion barrels.
“Overall,
crude oil production is expected to increase from 196,089 barrels per
day in 2019 to 420,020 barrels per day in 2023,” said Honourable
Ofori-Atta. First oil from the Aker fields is expected between the last
quarter of 2020 and first quarter of 2021.
“Going
forward, the vision of government is to create an optimistic,
self-confident and building a prosperous nation, through the creative
exploitation of our human and natural resources, and operating within a
democratic, open and fair society in which mutual trust and economic
opportunities exist for all,” said the Minister for Finance.
On
his part, a Deputy Minister of Energy, Honourable Mohammed Amin Adams,
indicated that Ghana’s production of crude oil is expected to reach half
a million barrels by 2025.
Government delegation, which
included the Minister of Transport, Kwaku Ofori Asiamah, held extensive
discussions with Aker and other related entities. The discussions also
highlighted plans to develop the Tema Drydock Shipyard. This is in line
with President Akufo-Addo’s vision to ensure Ghana develops a
shipbuilding, and Floating Production Storage and Offloading (FPSO),
capacity.
Government of Ghana is the sole shareholder of PSC Tema Shipyard Company, which operates Tema Shipyard.
Kjell
Inge Rokke, the majority owner of Aker -- a shipping and offshore
drilling conglomerate -- announced his commitment to contribute
significantly to the President’s vision to make Ghana a major
ship-building and repair works hub in the world.
Between 2012 and
2016, Hess – an Oil & Gas company -- sought, unsuccessfully, to
appraise the Pecan field (now with Aker as operator) and agreed terms
with the government of Ghana on a feasible plan of development for the
discovery. Hess’s initial assessment indicated resources of 230 million
barrels of oil equivalent.
In 2017, following discussions with
the Ghana National Petroleum Corporation, Aker announced its acquisition
of Hess’s interest in the DWT/CT License.Aker and its partner, working
closely in conjunction with the Petroleum Commission and GNPC,
immediately undertook preparations for an expansive drilling programme,
with Pecan 4A being the first of three planned wells.
Based on
existing subsurface data from seismic and wells drilled, including an
analysis of the Pecan-4A well result, the existing discoveries are
estimated to contain gross contingent resources (2C) of 450 – 550
million barrels of oil equivalent (mmboe). Aker Energy estimates that
with the next two well targets, the total volume potential is 600 –
1,000 mmboe.
In order to fully develop the DWT/CT, the partners
will be required to make significant capital investment in Ghana with
estimates of total project spend in excess of $10bn.
The Ghanaian
delegation in Oslo, also included the Deputy Minister of Finance, Hon.
Charles Adu Boahen, CEO of Petroleum Commission, Egbert Faibille, CEO of
Ghana Gas, Ben Asante. | |
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