DWT/CTP: Aker Energy submits “Plan of Development” to Energy Ministry
Aker Energy, a Norwegian oil company, has announced that it has submitted a Plan of Development (PoD) to Ghanaian authorities for its Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana. This marks a major milestone for the company and its partners as they seek to begin the development of the Pecan field, which is the largest of several discoveries in the contract area.
The PoD was presented to the Ghanaian Minister of Energy, Mathew Opoku Prempeh, at the Ministry of Energy in Accra on Friday, April 14, 2023. The PoD outlines a comprehensive plan for the phased development and production of the resources in the DWT/CTP contract area.
The phased development plan will begin with the development of the Pecan field, which is located in ultra-deep waters ranging from 2,400 to 2,700 meters about 115 kilometers offshore Ghana. The field will be developed with a Floating Production Storage and Offloading (FPSO) vessel and a subsea production system (SPS).
The operator and its partners are expecting significant proceeds from the Pecan field development and subsequent phases, which they hope will benefit the Ghanaian people. The PoD presents an overall plan for a phased development and production of the resources in the DWT/CTP contract area.
Kadijah Amoah, chief executive officer of Aker Energy, said in a statement that “this is a major milestone for us. We are proud to say that together with our partners and the Ghanaian authorities, we have submitted a comprehensive plan of development that will form the basis for the sustainable and efficient development of the Pecan field.”
She went on to add that “despite the significant challenges we faced, we have shown once again our resilience and unflinching commitment to the project. We now look forward to the approval of the PoD so we can get to work, developing and producing the resources for the ultimate benefit of the Ghanaian people.”
Aker Energy has been operating in Ghana since 2018 and has been conducting extensive exploration and appraisal activities in the DWT/CTP block. The company has said that the PoD submission marks a significant milestone in its efforts to develop the resources in the block and to bring them to market in a safe and sustainable manner.
As Ghana seeks to increase its oil production and develop its offshore oil industry, Aker Energy’s PoD submission is a positive step towards realizing this goal. The company and its partners have demonstrated their commitment to developing the resources in the DWT/CTP contract area, and they will no doubt be eagerly awaiting the approval of the PoD so they can begin the next phase of their operations.
