Aker Energy Ghana Ltd. has submitted an Integrated Plan of Development and Operations (PDO) to Ghanaian authorities for the Deepwater Tano-Cape Three Points block offshore Ghana.
Aker is the operator. Partners are Ghana National Petroleum Corp. (GNPC), Lukoil Overseas Ghana Tano Ltd., and Fueltrade Ltd.
The PDO calls for development of Pecan field as a firm Phase 1. Pecan field is the largest of several area discoveries.
Upon approval from Ghanaian authorities, the partners will initiate the process to make a final investment decision (FID). Pecan field is scheduled to come on stream 35 months after the FID.
The main Pecan field in 2,400-2,700 m of water is about 115 km offshore Ghana. Plans call for it to be developed using a Floating Production, Storage, and Offloading (FPSO) vessel and a subsea production system.
Up to 26 subsea wells are expected to be drilled of which 14 would be advanced, horizontal oil wells and 12 would be injectors with alternating water and gas injection (WAG), and the use of multiphase pumps as artificial lift, to maximize oil production.
Pecan field reserves are estimated at 334 million bbl of oil with plateau production estimated at 110,000 b/d. Production is expected to last for more than 25 years. The total investments to develop these reserves are estimated at $4.4 billion, excluding the charter rate for a leased FPSO.
