Aker Energy awards drilling contracts to Maersk, Halliburton and Exceed

Takoradi, Sept. 25, GNA – Aker Energy, 
the operators of the Deep-water Tano Cape Three Points (DWT/CTP) block offshore
Ghana , has entered into contracts for drilling of the Pecan-4A appraisal Well
due to spud in the fourth quarter of 2018.

The contracts, which were formally awarded to
Maersk Drilling, PMD Viking Ghana Limited, Halliburton Ghana Limited and
Exceed Well Management Ghana Limited, were signed in Accra via a
video link in the presence of representatives from the main Aker
Energy office in Oslo,

Mr Jan Arve Haugan Chief Executive Officer of
Aker Energy, who made this known in a press statement issue and copied the
GNA in Takoradi on Tuesday said they were pleased to achieve the key
milestone that would enable them to commence drilling of the
important Pecan -4A appraisal Well.

He said Aker Energy has also entered into
other contracts relating to the drilling, which included an agreement with
Halliburton Ghana Limited for the provision of drilling support and Well
service to Aker Energy in addition to a contract for Well design and
management it agreed with Exceed Well Management Ghana Limited.

Mr Haugan said the main objective of the Well
was to test the extension of the Pecan Field, adding that it would
provide valuable and important input in optimizing the plan of development
for the field and in understanding the wider potential of the block.

According to the CEO the drilling contract
with Maersk drilling was for one firm well, Pecan-4A and two optional wells,
noting that the deep-water drill-ship Maersk Viking would perform the drilling
in a water depth of 2, 674 metres.

He said the drill-ship built in 2014 with
state of the art facilities and systems was currently in the Gulf of Mexico and
would imminently set sail from the US to Ghana for operation to commence
in the fourth quarter of 2018.

Mr  Shannon Sloum, Senior Vice
President  of Eurasia Europe and Sub-Saharan Africa for Halliburton 
said  the globally renowned oil and gas suppliers have teamed up with
indigenous Ghanaian partners  in accordance with regulation and with a
clear ambition to develop local  industrial capacity,

“We look forward to working on this
project and the opportunity to collaborate with Aker Energy and Maersk to
engineer solution for the development of the Pecan Filed”.                                                                 
     

For his part, Mr Morten Kelstrup of
Maersk Drilling said Maersk drilling was very pleased to support Aker Energy
and the license partners, adding that, it would help in building upon their
operational track record in Ghana and their strong relationship
with the Aker group, noting that the contract for Maersk Viking
marked their third rig operating in Ghana”.

“We have a strong commitment to local job
creation and competency development and our joint venture with Prime Meridian
Dock (PMD) Viking Ghana will be proving local Services in Connection with the
operations”.

Mr Ian Mills Managing Director of Exceed said
they have a long history in Ghana and have invested in establishing a new
local joint venture,

“Exceed Well Management Ghana look
forward to supporting Aker Energy and their partners and believe there
is significant potential to develop local capacity to
exploit new deep water field offshore Ghana.

Aker Energy is the operator of the DWT/CTP
block with 50 percent participating interest with partners LUKOIL with 38
percent, Ghana National Petroleum Corporation9GNPC) 10 percent and Fuel trade 2
percent.

GNA

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