AKER ENERGY SECURES MAERSK VIKING TO DRILL OFFSHORE GHANA

On behalf of the license partners and as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana, Aker Energy has entered into contracts for the drilling of the Pecan-4A appraisal well using the UDW drillship Maersk Viking. DRilling is expected to commence in the fourth quarter of 2018. The drilling contract with Maersk Drilling is for one firm well, Pecan-4A, and two optional wells. Maersk Viking will perform the drilling in a water depth of 2,674 meters. The drillship, built in 2014 with state-of-the-art facilities and systems, is currently in the Gulf of Mexico and will imminently set sail from the US to Ghana for operations to commence in Q4 2018. “Maersk Drilling is very pleased to support Aker Energy and the license partners, building upon our operational track record in Ghana and our strong relationship with the Aker Group. The contract for Maersk Viking marks our third rig operating in Ghana. We have a strong commitment to local job creation and competency development and our joint venture with Prime Meridian Docks, PMD Viking Ghana, will be providing local services in connection with the operation,” said Mr. Morten Kelstrup, CCIO of Maersk Drilling. Aker Energy has also entered into other contracts relating to the drilling campaign. These contracts include an agreement with Halliburton Ghana Limited for provision of drilling support and well services to Aker Energy. In addition, a contract for well design and management is agreed with Exceed Well Management Ghana Limited. (Source: Aker Energy) Aker Energy AS was founded in February 2018 and is established as the newest member of the Aker Group. The company has a 50 percent participating interest in the Deepwater Tano Cape Three Points block covering approximately 2,010 square kilometres in a prolific petroleum region approximately 70 miles offshore Ghana. The block contains discovered contingent resources estimated to be 550 million barrels of oil equivalent, in addition to a significant prospective volume upside of around 400 million barrels from additional appraisal activities. (Source: Aker Energy - Image: Maersk Drilling)

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