Down But Not Out: Aker Energy Committed to Developing Ghana Offshore Oil Field Despite Delay

BARTOLOMEJ TOMIC, wrote in Offshore Engineer:

Norwegian oil firm Aker Energy, which operates the Pecan offshore oil field development offshore Ghana, is not giving up on the project, despite having recently delayed a Final Investment Decision ´indefinitely´ due to the plunge in oil prices. The development concept, however, is likely to change.

Source of information:

In a statement on Friday, Aker Energy reaffirmed its commitment "to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana." Drilling operations at Pecan onfirmed contingent resources of 450–550 million barrels of oil equivalent in the Deepwater Tano Cape Three Point block. 

Håvard Garseth, the recently appointed CEO of Aker Energy, said Friday: “In a time when most other E&P companies are putting development projects on the shelf due to the COVID-19 situation and historic low oil prices, Aker Energy and our partners, Lukoil, Fueltrade, and GNPC, working closely with the government of Ghana, are actively pursuing a development concept where we can commence phase one of a phased development of the Pecan field,” 

“Although we have an

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