Aker Energy says the sidetrack well to its Pecan South appraisal, offshore Ghana was disappointing
The well “encountered oil shows, but no recoverable resources due to a tight reservoir”, the company says in an update. Even then, “based on preliminary data analysis, it is estimated that between 5-15Million barrels of oil equivalent (MMBOE) could be added to the Pecan field development from Pecan South”.
Pecan South is one of the three appraisal wells drilled between November 2018 and April 2019 in the Pecan field and its satellites in the Deepwater Tano Cape Three Points DWT/CTP area. The company is working on fast paced development of the asset, purchased from Hess in February 2018.
Aker says its current estimates of producible volumes the field “exclude any additional volumes from Pecan South and Pecan South East, currently being assessed”.
Aker Energy is the operator under the DWT/CTP Petroleum Agreement with a 50% participating interest. Its partners are Lukoil Overseas Ghana Tano Limited (38%), the Ghana National Petroleum Corporation (GNPC) (10%) and Fueltrade Limited (2%).