Pecan Energies aims to be one of West
Africa’s most efficient oil producers by
adhering to industry benchmarks for
energy intensity, particularly in ultra deepwater oil production.
The company plans to minimize
energy intensity at the Deep Water
Tano Cape Three Points (DWT/CTP)
block offshore Ghana after first oil by
deploying the best available, energy efficient technology.
“Our operations will maintain a strong
focus on increasing energy efficiency,
managing flaring, and limiting fugitive
emissions,” the company pledged.
Pecan Field: A Major
Development in Deep Waters
Pecan Energies operates the DWT/
CTP block, which holds approximately
550 million barrels of recoverable oil
equivalents and a vast exploration
portfolio. To date, the company has
made seven discoveries within the
block, with the largest being the Pecan
field, estimated to hold over 1.1 billion
barrels of oil.
The Pecan field will be the company’s
first development project, though the
Final Investment Decision (FID) has
faced years of delays. Once the FID is
approved, first oil is expected within
three years.
Located in ultra-deep waters between
2,400 and 2,700 meters, about
115 kilometers offshore, the Pecan
field presents significant technical
challenges. However, Pecan Energies
is confident in its expertise.
“Our strength lies in our distinctive
technical team, boasting decades
of field management experience
and extensive knowledge in global
deepwater projects,” the company
said. “This expertise drives our
commitment to delivering a robust
and fit-for-purpose development of
the Pecan field.”
Commitment to Environmental
Protection
In its 2023 Sustainability Report,
Pecan Energies pledged to operate
with minimal environmental impact.
“We will achieve this by reducing
our physical footprint, controlling
discharges and emissions, and
continuously monitoring our
environmental impact,” the report
stated.
The company emphasized that none of
its current or planned operations are
near protected natural areas. Before
anchoring its Floating Production
Storage and Offloading (FPSO) unit, it
will conduct assessments to determine
whether any sensitive natural
resources are in proximity.
Oil Spill Preparedness and Safety
Measures
In 2023, Pecan Energies reported
zero accidental oil spills or hazardous
discharges. The company also
participated in oil spill response
exercises alongside other oil and gas
operators in Ghana.
A key priority is enhancing
coordination among offshore
operators in Ghana to strengthen
the country’s oil spill response
capabilities. Last year, Pecan
Energies took part in multiple
workshops organized by the Ghana
Environmental Protection Agency
(EPA) to update the National Oil
Spill Contingency Plan and assess
available response resources across
the industry.
Investing in Local Content and
Economic Development
Pecan Energies is committed to
maximizing the social and economic
benefits of the DWT/CTP project for
Ghana. The company aims to transfer
technology, develop local expertise,
and create job opportunities that
extend beyond standard local content
requirements.
Over the coming years, the company
envisions oil field development that
will unlock employment and business
opportunities for Ghanaians. This
includes roles in offshore installations,
base operations, and local fabrication
projects.
Pecan Energies has also pledged to
prioritize the procurement of locally
produced goods and services that meet
industry requirements, with a goal of
progressively increasing local sourcing
throughout the project’s lifespan.
In 2023, the company worked with
65 active suppliers, 45 of whom were
Ghanaian indigenous companies. One
was a Ghanaian joint venture, and
four were Ghanaian non-indigenous
companies. In total, Ghanaian
companies accounted for 77% of hired
contractors.
In 2022, Pecan Energies spent $22
million on contracts, with nearly 17%
of the value directed to Ghanaian
indigenous suppliers.
As the company moves forward
with the Pecan field development,
it remains committed to efficiency,
sustainability, and local economic
growth—key pillars of its long-term
strategy in Ghana’s offshore oil sector.
Source: offshoreafricamagazine.com