3. Deepwater Tano-CTP Block (3000sqkm)
Contract Parties (Operator) Aker Energy, LukOil, Fuel Trade and GNPC
Effective Date/Initial Exploration Period Effective Date: July 18, 2006 Appraisal/Pre-development Period (3 years from Notice of Discovery). Has 6 months after ITLOS ruling to submit POD
Minimum Exploration Program (Initial Phase)
3D ‘Broadband’ seismic acquisition
Drilling of 3 appraisal wells (2 in the Pecan area and 1 at Almond)
Reprocessing of legacy 3D seismic
Well data integration of all data
Reservoir simulation studies
Minimum Expenditure $32,000,000
Observations as of 2017 This company made successful discovery but could not progress to field development because of the ITLOS’s preliminary injunction. The company can now go ahead to submit Plan of development.
Aker acquired the interest of Hess in the block and proceeded to complete appraisals studies. Programme of Development (PoD) was submitted to government. The PoD was not approved. Aker has to revise and resubmit the PoD.
2020 Update Aker awaited some amendments to its PA to finalize the Pecan PoD and resubmit. Parliament amended the DWTCTP PA in December 2020. However, Aker suspended the development of thefield in April 2020 due to low oil prices and the COVID-19 pandemic.