Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Aker Energy eyes IPO after submitting Ghana field plan in March

  • SOURCE: Reuters | Editor
  • Norwegian firm Aker plans to invite other investors to take stakes in its Ghana-focused oil exploration firm Aker Energy this year with an initial public offering (IPO) or other transaction, the company said on Thursday.

    The transaction is planned to take place after Aker Energy submits a development plan for the deepwater Pecan field off Ghana in March, following a recent appraisal well that confirmed contingent resources of 450-550 million barrels of oil equivalent (mmboe), it added.

    Aker Energy planned to drill another two wells in February, expected to prove between 150 and 550 mmboe in additional resources, Aker Chief Executive Oeyvind Eriksen told an earnings presentation.

    The preliminary results should be used to update the total potential before the plan’s submission, he added.

    Aker Energy will remain focused on developing resources in Ghana, expected to help Aker’s aim to reach its total oil production target of producing over 1 million barrels of oil equivalents per day by 2025.

    Share this article

    Leave a reply

    Personality of the Month
    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Nov 2019 >>
    MTWTFSS
    28 29 30 31 1 2 3
    4 5 6 7 8 9 10
    11 12 13 14 15 16 17
    18 19 20 21 22 23 24
    25 26 27 28 29 30 1
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar