Country Director of Aker Energy Kadijah Amoah
Aker Energy says it is working to submit a revised plan of development (PDO) to the government by the end of the year with substantially reduced breakeven cost.
“We are moving forward as planned with the new phased development concept for the Pecan field reducing the breakeven costs. The team has optimized the field development concept to secure a robust and cost-efficient project reducing the breakeven cost to approximately half the original cost,” Kadijah Amoah, CEO of Aker Energy Ghana Limited said in a statement.
In March last year, Aker Energy announced that a final investment decision (FID) for the Pecan field development project had been placed on hold, postponing the project.
But the firm says the new concept brings the project back on track.
“Aker Energy and 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 centralised FPSO supporting the development of the entire Pecan field, as well as tie-ins of all other area resources, the focus has shifted toward a phased development approach,” the statement added.
“This approach will enable Aker Energy to commence 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.”
The first FPSO will be deployed at around 115 kilometres offshore Ghana over a subsea production system installed in ultra-deep waters.
Renewed commitment
“We remain committed to Ghana. Along with our partners, we are optimistic that with this new phased development concept we can finally see first oil in the fourth offshore field in Ghana,” the statement said, adding geophysical and geotechnical surveys will commence by the end of May 2021.
According to the statement, these are critical in optimising the Pecan Subsea Field Layout. The data received from these surveys will give accurate information around the integrity of the seabed and confirm that the subsea infrastructure can be safely positioned over the life of the field of the project.
“With these surveys, we take a significant step in moving towards submitting a Plan of Development and Operations to the Government of Ghana and achieving first oil,” Amoah said in the statement.
