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Aker Energy buys Hess Ghana stake

Aker Energy has agreed to buy Hess Corporation’s 50% stake in the Deepwater Tano Cape Three Points (DWTCTP) Block for $100m as the pace of exploration offshore West Africa continues to pick up. Hess has declared four discoveries on the block to be commercial, including the Pecan field, which it expected to form the primary development hub. Its partner on the block is Lukoil, which retained its stake after relinquishing the Deepwater Cape Three Points Block, where ExxonMobil signed an agreement in January.

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