INTERNATIONAL NEWS

Oil Find Made In Pecan South Well Offshore Ghana

The Pecan South-1A well in the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana has encountered oil.

According to the operator of the block, Aker Energy, the drillship Maersk Viking will now drill a side track 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 the resource range to 600-1,000 MMboe.

The company has identified multiple well targets to be drilled as part of a greater area development after submission of the POD.

CEO Jan Arve Haugan said: “…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.”

Aker Energy is the operator of the DWT/CTP block with a 50percent participating interest. Its partners are LUKOIL (38%), the Ghana National Petroleum Corp. (10%), and Fueltrade (2%).

Source: Offshore

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