Results From Cape Three Points Appraisal Well Announced

Drilling Activity Details

Locations

Ghana

Operators
Post Date
Shore Type
Geo Coordinate

Drilling Activity Summary

Description

Aker ASA completed an offshore Ghana Tano Cape Three Points (DWT/CTP) block appraisal well, #4A-Pecan. Based on previously completed seismic surveying and recent wells, the discovery is estimated to contain gross contingent resources (2C) of 450 to 550 MMboe. The appraisal well was drilled to 4,870 m and is in 2,667 m of water. Two additional appraisal wells are planned and the Oslo-based company’s estimate of potential could increase to between 600 MMboe and 1 Boe. In addition, there are identified multiple well targets to be drilled as part of a greater area development after submission of the development plan. The main purpose of #4A-Pecan was to confirm regional geology in the area and to identify deep oil/water contact in the Pecan reservoir. Aker is the operator of the block with a 50% participating interest. Partners include Lukoil (38%), Ghana National Petroleum Corp. (10%) and Fueltrade (2%).