Page 8 - AfrOil Week 12 2023

AfrOil INVESTMENT AfrOil

Lukoil says it may take FID

on Pecan field in Q4 2023

GHANA LUKOIL, Russia’s largest privately owned oil Cape Three Points (DWT/CTP) block offshore
company, has indicated that it may decide Ghana. It is estimated to hold around 334mn
whether to move forward with work at the Pecan barrels of oil equivalent (boe). Equity in the
oilfield offshore Ghana in the fourth quarter of field is divided between Aker Energy, with 50%;
2023, assuming that it can secure approval for its Lukoil, with 38%; state-owned Ghana National
development programme. Petroleum Corp. (GNPC), with 10%; and Fuel-
Ivan Romanovsky, Lukoil’s vice president for trade (Ghana), with 2%.
the Americas, Africa and the Middle East, said at The DWT/CTP block covers more than
a press conference on March 20 that the Russian 2,000 square km in the western part of Ghana’s
company was finalising its final development offshore zone in the Gulf of Guinea. It is a deep-
plan (FDP) with the aim of meeting the dead- water licence area located in waters ranging
line for submission on April 14. If the plan is from 1,600 metres to 3,000 metres deep, and
approved, the company may make a final invest- seven hydrocarbon fields have been discovered
ment decision (FID) on the project in October there, including five oil deposits and two gas
or November, he said. deposits. ™
According to Romanovsky, the FDP is cur-
rently being finalised so that it can be submitted
to Ghanaian regulators next month. “The dead-
line for the submission of this application is by
April 14. After this, if the government and regu-
latory bodies do not have any issues, we plan to
make the final investment decision sometime in
October-November of this year,” he said.
The Lukoil executive did not comment on
recent reports that the company was considering
selling its stake in Pecan to Indian companies to
facilitate the completion of a development plan.
Aker Energy, the Norwegian company that
owns a 50% stake in Pecan, said last year that it
would have to postpone submission of the FDP
since Lukoil, a Russian company subject to sanc-
tions, remained an investor in the project.
According to information from Aker Ener-
gy’s website, Pecan was discovered by Hess
in 2012 and lies within the Deepwater Tano/ Aker Energy is the operator of the Pecan oilfield (Image: Aker Energy)

POLICY
Libyan minister rejects Tunisian leader’s

statements on sharing Bouri oilfield

LIBYA/TUNISIA LIBYAN Oil Minister Mohamed Oun has intention to share the field with Libya. During a
denounced remarks made by Tunisian President visit to the headquarters of the Tunisian Petro-
Kais Saied about his country’s need to share the leum Activities Corp., he said that there was an
Bouri oilfield, according to a statement on Sun- intention to divide the field with Libya, but this
day, March 19. proposal was retracted.
Saied claimed last week that Tunisia gets little Saied went on to request what he called Tuni-
benefit from the Bouri oilfield and expressed his sian rights to the oilfield.

P8 www. NEWSBASE .com Week 12 23•March•2023