The well was drilled on the Pecan field to a vertical depth of 4,870 m (15,977 ft), in 2,667 m (8,750 ft) of water. It is one of seven discoveries made to date on the block.
Aker Energy’s aims, both accomplished, were to confirm its understanding of the local geology in the area and to identify a deep oil/water contact in the Pecan reservoir.
The well also delivered a clearer indication of the resource base and upside potential in the block. Based on the results, the company will optimize the Pecan field development plan.
However, CEO Jan Arve Haugen added, “there is still a lot of work to be done, including to conclude the phasing of the development, the size of first phase and detailing of the concept.
“Our most important priority going forward is to deliver a robust field development plan to the Ghanaian authorities.”
Analysis of subsurface data from seismic and all wells drilled to date suggests contingent discovered resources in the 450-550 MMboe range.
Aker Energy estimates that following completion of the next two appraisal wells, total volumes to be included in the development could increase the resource range to 600-1,000 MMboe.
There are also further targets that could be drilled as part of a greater area development after submission of the development plan.
Aker Energy’s partners in the DWT/CTP block are Lukoil, the Ghana National Petroleum Corp., and Fueltrade (2%).