Aker Energy submits $ 4.4 billion oilfield development plan in Ghana



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OSLO, March 28 (Reuters) – Norwegian oil start-up Aker Energy has submitted a $ 4.4 billion plan to Ghana to develop an offshore oil field, Aker said on Thursday.

The total reserves of the Pecan deposit in the Deepwater Tano / Cape Three Points block (TPL / CTP) are estimated at 334 million barrels of oil, with an estimated plateau production of 110,000 barrels a day, the company added.

Aker previously said that the West African production field could come into production about three years after the approval of the development plan or as early as 2022.

The total planned investment of $ 4.4 billion excludes the charter rate for the rental of a floating vessel production, storage and offloading (FPSO) in order to produce the resources.

The Oslo – listed investment company, Aker, owned by Norwegian billionaire Kjell Inge Roekke, also announced that Aker Energy could launch an initial public offering for savings after the summer of 2019.

Aker holds a 50% stake in Aker Energy, while Roekke owns the rest through its private company TRG.

The Pecan field also contained 110 to 210 million barrels of oil equivalent (boe) in contingent resources that could be developed later, said Aker.

The evaluation drilling could potentially bring the resource base between 600 million and 1 billion boe, he added.

Aker Energy's partners in this block are Russia, Lukoil (38%), Ghana National Petroleum Corporation (10%) and Fueltrade (2%).

If it was developed, the pecan deposit could become the fourth deposit in production in Ghana. (Report by Nerijus Adomaitis, edited by Elaine Hardcastle)

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