Aker Energy announced the development of the Pecan oilfield in Ghana is facing delay after a disagreement with the government. The Norwegian oil & gas company wanted future tie-ins and new discoveries to be covered by the development plan for the Pecan oilfield, but the Ghanaian authorities refused to change regulation to facilitate this approach.
Consequently, Aker Energy will now focus on developing a more limited area with an estimation of 450-500 Mboe already found.
In May 2019, Aker Energy announced a US$4.4bn investment to develop the Pecan field with total reserves estimated at 334 mbl of oil and a plateau production estimated at 110,000 bbl/d over a 25-year period. Aker Energy is the operator under the DWT/CTP Petroleum Agreement with a 50% stake, in partnership with Lukoil (38%), the Ghana National Petroleum Corporation (GNPC) (10%) and Fueltrade (2%).