The government is counting on oil development projects such as the Pecan ﬁeld one
Oil exploration ﬁrm, Aker Energy Ghana has disclosed plans to submit a revised development plan to the Government of Ghana, GoG, to facilitate the optimization of the Deepwater Tano/Cape Three Points (DWT/CTP).
The development comes after the company’s initial Plan of Development was earlier rejected by government.
But the company in a statement issued said it will undertake Geophysical and Geotechnical surveys at the end of May 2021 which will determine further plans at optimizing the Pecan Subsea Field Layout.
Chief Executive of Aker Energy Ghana Limited, Khadijah Amoah explained, “with these surveys, we take a signiﬁcant step in moving towards submitting a Plan of Development and Operations to the Government of Ghana and achieving ﬁrst oil.”
Mrs Amoah said her outﬁt was also moving ahead as planned with the new phased development concept for the Pecan ﬁeld aimed at reducing the break even costs to achieve its ﬁrst oil ﬁnd adding that its partners are currently assessing ﬁeld development concepts and FPSO candidates for redeployment, along with a ﬁnal selection that will primarily focus on technical capabilities and efﬁcient cost.
“The team has optimized the ﬁeld development concept to secure a robust and cost-efﬁcient project reducing the breakeven cost to approximately half the original cost. While the original ﬁeld development concept was based on a centralized FPSO supporting the development of the entire Pecan ﬁeld, as well as tie-ins of all other area resources, the focus per the statement has shifted toward a phased development approach.”
“This approach will enable Aker Energy to commence with one FPSO for Pecan in the south and expand to a second FPSO in the north after a few years, with tie-ins of additional discovered resources. The ﬁrst FPSO will be deployed at around 115 kilometres offshore Ghana over a subsea production system installed in ultra-deep waters in depths ranging from 2,400 to 2,700 metres,” the statement explained.
Khadijah Amoah said Aker Energy remains committed to oil development in Ghana while its partners are optimistic of this new phased development concept which could ﬁnally see ﬁrst oil in the fourth offshore ﬁeld of the country.