Ghana: Aker Energy Finally Submits PoD For Pecan Field After Several Postponement

After failing several times to meet the deadline for the submission of the Plan of Development (PoD) for the Pecan Field, offshore Republic of Ghana, Aker Energy, the Norwegian oil and gas, finally on Friday, April 14, 2023, submitted the PoD to Ghana’s Energy Minister, Dr Matthew Opoku Prempeh, in Accra, capital of Ghana.

Aker Energy is the operator of the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana.

This was contained in a statement issued by Aker Energy.

The firm was supposed to submit the PoD for Pecan Field to the West African nation’s Energy Ministry in 2018 but failed and postponed it several times.

This raised doubts about its reliability and commitment to the development of the Pecan Field.

After failing several times, the Energy Ministry then gave them up to April 15, 2023, to submit the PoD else they would reassign the field to whoever they deemed fit for the purpose.

Commenting on the development, the CEO of Aker Energy Ghana Limited, Kadijah Amoah said, “This is a major milestone for us. We are proud to say that together with our partners and the Ghanaian authorities, we have submitted a comprehensive plan of development that will form the basis for the sustainable and efficient development of the Pecan field.”

The PoD presents an overall plan for phased development and production of the resources in the DWT/CTP contract area.

The phased development plan would start with the development of the Pecan field as a firm phase one, being the largest of several discoveries in the contract area.

The main Pecan field, located in ultra-deep waters ranging from 2,400 to 2,700 meters about 115 kilometres offshore Ghana, would be developed with a Floating Production Storage and Offloading (FPSO) vessel and a subsea production system (SPS).

The operator and partners expect the Pecan field development and subsequent phases to provide significant proceeds to Ghana.

“This has been a team effort and despite the significant challenges we faced, we have shown once again our resilience and unflinching commitment to the project. We now look forward to the approval of the PoD so we can get to work, developing and producing the resources for the ultimate benefit of the Ghanaian people,” said Amoah.

Source: https://energynewsafrica.com