AKER ENERGY BAGS U.S $100M FOR DEVELOPMENT OF TANO OIL PROJECT.
Aker Energy to invest in crude oil and natural gas production in Ghana.
Aker Energy) has secure US$100 million to invest in crude oil and natural gas production; from Ghana’s Deepwater Tano Cape Three Points (DWTCTP) block.
African Finance Corporation (AFC) the lender of the US$100m fund has vowed it’s preparedness towards backing the fundraising activities for the Tano oil project. AFC is a leading infrastructural solution provider in Africa. There are many oil fields at the offshore Cape Three Points especially in the Western Region.
“By taking an early equity financier role in operational or near-operational upstream assets, the AFC can enhance the revenue potential of African states to generate revenue required for investment in infrastructure and social services for its growing populations,” said AFC.
AFC also plans to create more beneficial relationship between Aker and any other interested exploration and production sector across Africa.
“The AFC will offer support to Aker, open new opportunities and mitigate potential geopolitical risks.”
Aker Energy has a good record of completing deep-water projects according to budget and on time. They have the best sub-sea equipment and there services are at a good standard especially as their past records show. Aker is no doubt the best choice partner for this project having the highest quality rating in the Norwegian market.
Speaking with the Daily Graphic, Mr Nuerty Adzeman said:
“We want more of such businesses; the oil industry is about funding and building the technical expertise to ensure sustained production.”
He said the country’s three oil fields, which were currently producing a little over 200,000 barrels of oil per day, were not enough, for which reason there was an immense need for more exploration and reserves especially with correspondent funding to extract the resources for national development.
We are also happy companies in Ghana are attracting the attention of the AFC, which is the leading African grade A-rated multilateral development finance institution,” he said
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