Related Articles
Forward article link
Share PDF with colleagues

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

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP and Singapore’s Pavilion ink LNG supply deal
11 June 2021
BP and a Temasek subsidiary sign a long-term LNG supply deal with a full-cycle emissions ambition
Stronger finances deliver Trafigura trading windfall
10 June 2021
The Singapore-headquartered trader is able to do more, and boost profit, due to enhanced access to credit
US downstream faces emissions scrutiny
10 June 2021
Biden’s low-carbon pledge could mean tighter regulations and punishment for serial emitters
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video