Aker and The Resource Group (TRG), two Norwegian holding companies, have agreed to sell their shares in Aker Energy to AFC Equity Investment, a company owned by Africa Finance Corporation (AFC), a pan-African multilateral development finance institution. Through the transaction, AFC will become the sole shareholder of Aker Energy, and thereby 50% owner of the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana, comprising discoveries of 450-550 mboe, including the Pecan field. Africa Finance Corporation has previously invested US$200m in senior secured bonds in the DWT/CTP block development.
Aker today holds 50.79% of the shares in Aker Energy, and TRG holds 49.21%. The management team of Aker Energy will remain unchanged and will work towards submission of the Plan of Development (PoD) for the Pecan field to Ghanaian authorities in April 2023.