Aker Energy to acquire Hess offshore Ghana block

26 February, 2018

Aker Energy to acquire Hess offshore Ghana block

A newly formed joint venture formed between Aker ASA and TRG, Aker Energy has agreed to acquire Hess’ 50% interest in the deepwater Cape Three Points Block in the Tano Basin offshore Ghana.

The deal is worth US$100m, with a further US$75m payable following the approval of the development and operation plan for the block. The plan will be submitted later this year with Aker Energy aiming for first oil in 2021.

Several exploration and appraisal wells have already been drilled at the block, which is estimated to hold resources of 550m barrels.

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