Aker ASA: Aker Energy reaches agreement to acquire Hess Ghana with an aim to build a significant E&P activity in Ghana
(WorldNews Norway)

The total cash consideration for the transaction is USD 100 million, consisting of USD 25 million payable upon closing of the transaction and a further USD 75 million payable upon approval of the Plan for Development and Operation (PDO) on the DWT/CTP block. The acquisition is subject to approval from relevant Ghanaian authorities and other customary closing conditions. The DWT/CTP block The DWT/CTP block covers approximately 2,010 square kilometres in a prolific petroleum region. In the last ten years, seven exploration wells and five appraisal wells have been drilled on this block. The discovered contingent resources are estimated to be 550 million barrels (2C) with a remaining prospective...