Government grants extension to Aker Energy for PDO submission

Government of Ghana has granted an extension to Aker Energy Ghana Limited for the submission of its Plan of Development (PDO).

The decision to grant the extension follows uncertainties about supplier commitments triggered by the war in Ukraine.

Government, Aker Energy and its licensed partners have agreed to work together to resolve the issues to facilitate the timely submission of the PDO.

About Aker Energy

Aker Energy Ghana Ltd, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, is an exploration and Production Company and the Deepwater Tano Cape Three Points operator. (DWT/CTP) block.

It holds a 50% participating interest in the license, and the partners are Lukoil Overseas Ghana Tano Limited (38%), the Ghana National Petroleum Corporation (GNPC) (10%) and Fueltrade Limited (2%).

Aker Energy aims to become the oil and gas operator of choice offshore Ghana, by maturing and producing resources in a safe, efficient and reliable manner to the benefit of the company, partners and the people of Ghana.

Aker Energy AS is part of the Norwegian Aker group of companies, with Aker ASA and TRG AS as its majority shareholders. Aker Energy has offices in Ghana and Norway.