Aker's Ghana project secures funding boost
Aker Energy’s planned Deepwater Tano/Cape Three Points development is benefitting from a regional initiative
The Africa Finance Corporation has invested $100mn in the Ghanaian subsidiary of Norway's Aker Group to help finance development of the country's Deepwater Tano Cape Three Points ( DWT/CTP) block. The AFC has agreed to invest the amount in Aker Energy in convertible bonds, as part of its plans to take on an early equity financier role in upstream assets on the continent. Aker has now said it plans to produce oil from the block's Pecan field initially. It completed appraisal drilling there in April. The reserve estimate for the first phase of the DWT/CTP development is 334mn boe, with subsequent phases on the block potentially adding a further 110-210mn boe, based on discovered contingent res
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
