The Operator of the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana, Aker Energy has entered into contracts for the drilling of the Pecan-4A appraisal well due to spud in the fourth quarter of 2018

Aker Energy Ghana Limited in a statement to the Media said it is pleased to achieve this key milestone that will enable us to commence drilling of the important Pecan-4A appraisal well.

According to the Company, the main objective of the well is to test the extension of the Pecan Field.

“We are pleased to achieve this key milestone that will enable us to commence drilling of the important Pecan-4A appraisal well. The main objective of the well is to test the extension of the Pecan Field. This will provide valuable and important input in optimising the Plan of Development for the field and in understanding the wider potential of the block,” said Mr. Jan Arve Haugan, CEOof Aker Energy.

According to the Statement the drilling contract with Maersk Drilling is for one firm well, Pecan-4A, and two optional wells.

The deepwater drillship Maersk Viking will perform the drilling in a water depth of 2,674 meters. The drillship, built in 2014 with state-of-the-art facilities and systems, is currently in the Gulf of Mexico and will imminently set sail from the US to Ghana for operations to commence in Q4 2018.

Aker Energy has also entered into other contracts relating to the drilling campaign. These contracts include an agreement with Halliburton Ghana Limited for provision of drilling support and well services to Aker Energy. In addition, a contract for well design and management is agreed with

Exceed Well Management Ghana Limited. The globally renowned oil and gas suppliers have teamed up with indigenous Ghanaian partners in accordance with regulations and with a clear ambition to develop local industrial capacity.

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