Aker's Ghana project secures funding boost
Aker Energy’s planned Deepwater Tano/Cape Three Points development is benefitting from a regional initiative
The Africa Finance Corporation has invested $100mn in the Ghanaian subsidiary of Norway's Aker Group to help finance development of the country's Deepwater Tano Cape Three Points ( DWT/CTP) block. The AFC has agreed to invest the amount in Aker Energy in convertible bonds, as part of its plans to take on an early equity financier role in upstream assets on the continent. Aker has now said it plans to produce oil from the block's Pecan field initially. It completed appraisal drilling there in April. The reserve estimate for the first phase of the DWT/CTP development is 334mn boe, with subsequent phases on the block potentially adding a further 110-210mn boe, based on discovered contingent res
Also in this section
7 July 2025
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
