Aker Energy to take over Hess block offshore Ghana
Aker Energy reaches agreement to acquire Hess Ghana with an aim to build a significant E&P activity in Ghana
The company is working around the clock to launch production from its first oil field in 2021.
As such it is expected that it submits a field development plan this year.
Aker Energy also plans to build a significant exploration and production business in the country together with the Ghana National Petroleum Corporation (GNPC), it added.
Hess already has a 50% stake in Ghana's Tano Cape Three Points block.
Aker Energy is targeting about 400 million barrels through a floating production, storage and offloading vessel.
Aker president and chief executive Oyvind Eriksen said: “Aker is pleased to have been invited into this joint venture by TRG and looks forward to exploring the opportunity of building a significant E&P activity in Ghana inspired by what Aker has achieved on the NCS.
“The Aker Group is uniquely positioned to combine technological know-how from the upstream oil and gas industry with its extensive experience in the oil services to deliver a successful fast-track project.
“We are looking forward to partnering with the GNPC and have high expectations for what we can achieve together.”