Aker Energy Ghana Restricted has reaffirmed its determination to locating a resolution that will allow for the graduation of a phased enhancement of the Pecan field offshore Ghana.
“In a time when most other E&P providers are putting growth tasks on the shelf thanks to the COVID- 19 predicament and historic very low oil selling prices, Aker Vitality and our partners, Lukoil, Fueltrade and GNPC, doing the job closely with the Ghana governing administration, are actively pursuing a enhancement strategy in which we can commence period one of a phased improvement of the Pecan area,” claimed Håvard Garseth, CEO of Aker Energy.
“Although we have an altered timeline, we are on our way to obtaining a development concept with a breakeven value that is sustainable and resilient also in a minimal oil value surroundings.”
In March, Aker Electricity announced that a final financial investment choice (FID) for the Pecan area progress project experienced been placed on hold, suspending the undertaking.
Though no new date has been set for the FID, the enterprise is operating actively to affirm the feasibility of a phased Pecan subject improvement by executing conceptual reports.
The phased development of the Pecan subject and the utilisation of a redeployed FPSO vessel will substantially decrease the CAPEX and, consequently, reduce the breakeven cost.
In addition, it will increase the possibility of reaching a commercially feasible venture that will let for an expenditure conclusion.
Aker Energy and partners are at present examining numerous FPSO candidates for redeployment, and the closing variety will be dependent on technical capabilities and charge.
Whilst the initial discipline development concept was based on a centralised FPSO supporting the growth of the overall Pecan discipline, as perfectly as tie-ins of all other space resources, the concentrate has shifted towards a phased development method.
This strategy will enable Aker Vitality to commence with a person FPSO for Pecan in the south and broaden to a next FPSO in the north just after a couple of several years, with tie-ins of extra identified methods.
The first FPSO will be deployed at about 115 kilometres offshore Ghana in excess of a subsea production system put in in ultra-deep waters in depths ranging from 2,400 to 2,700 metres.
“Getting jobs like the Pecan discipline in operation is important towards our mission of creating Ghana a major producer in West Africa and Africa as a complete,” claims Dr. Mohammed Amin Adam, Deputy Minister of Power.
“Along with our partners, we are optimistic that we will build a workable principle so that we can lastly see to start with oil in the fourth offshore subject in Ghana,” said Kadijah Amoah, State Director in Ghana.
“We keep on being fully commited to Ghana.”
