Aker Energy is to submit revised plan of development of the offshore oil block to Government.
About two years after its original Plan of Development of the Deepwater Tano/Cape Three Points block was rejected by government, Aker Energy says it is working to resubmit the plan by the end of the year.
In a statement, the CEO of Aker Energy Ghana, Kadijah Amoah, stated that the company is moving forward as planned with the new phased development concept for the Pecan field to reduce the breakeven costs.
She said the team has optimised the field development concept to secure a robust and cost-efficient project.
The statement said Aker Energy and its partners are currently assessing field development concepts and FPSO candidates for redeployment, and the final selection will be based on technical capabilities and cost.
While the original field development concept was based on a centralized FPSO supporting the development of the entire Pecan field, as well as tie-ins of all other area resources, the focus now according to the statement has shifted toward a phased development approach.
The approach will enable Aker Energy to begin with one FPSO for Pecan in the south and expand to a second FPSO in the north after a few years, with tie-ins of additional discovered resources