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Aker Power to submit revised “plan of improvement” to authorities by finish of 12 months

Aker Power says it’s working to submit a revised plan of improvement (PDO) to the federal government by the top of the 12 months with a considerably decreased break-even price.

“We’re transferring ahead as deliberate with the brand new phased improvement idea for the Pecan area lowering the break-even prices,” Kadijah Amoah, the chief govt officer of Aker Power Ghana Ltd, introduced in a press release.

“The group has optimised the sphere improvement idea to safe a strong and cost-efficient challenge, lowering the break-even price to roughly half the unique price.”

In March final 12 months, Aker Power introduced {that a} last funding resolution (FID) for the Pecan area improvement had been positioned on maintain. However the agency says the brand new idea brings the challenge again on observe.

Extremely-deep exploration

“Aker Power and companions are at the moment assessing area improvement ideas and FPSO candidates for redeployment, and the ultimate choice shall be primarily based on technical capabilities and value,” the assertion added.

“Whereas the unique area improvement idea was primarily based on a centralised FPSO [floating production storage and offloading unit] supporting the event of the complete Pecan area, in addition to tie-ins of all different space assets, the main target has shifted in direction of a phased improvement strategy.

“This strategy will allow Aker Power to start with one FPSO for Pecan within the south and broaden to a second FPSO within the north after a number of years, with tie-ins of extra found assets.”

The primary FPSO shall be deployed at roughly 115 kilometres offshore Ghana over a subsea manufacturing system put in in ultra-deep waters.

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Renewed dedication

“We stay dedicated to Ghana. Together with our companions, we’re optimistic that with this new phased improvement idea we will lastly see first oil within the fourth offshore area in Ghana,” the assertion stated, including that geophysical and geotechnical surveys will start by the top of this month (Might 2021).

The surveys are vital to optimising the Pecan Subsea Area Format. Knowledge acquired by way of the research will give correct data on the integrity of the seabed and ensure whether or not the subsea infrastructure could be positioned safely over the lifetime of the sphere of the challenge.

“With these surveys, we take a big step in transferring in direction of submitting a plan of improvement and operations to the Authorities of Ghana and reaching first oil,” Amoah stated.

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