In early May 2018, it was understood that Aker Energy AS (Aker Energy) was in discussions over the acquisition or farm-in of AGM Petroleumâs South Deepwater Tano block (SDWT), adjacent to Aker Energyâs Deepwater Tano / Cape Three Points (DWT/CTP) permit recently acquired through Hessâ divestment. A potential deal would depend on results of a 2-well drilling campaign due to be conducted across both blocks in Q2 2018. Aker Energy is a 50-50 joint venture between Aker ASA (Aker) and the financial company TRG AS (TRG).  The undrilled 3,478 sq km South Deepwater Tano block (SDWT) was awarded to AGM in August 2013. AGM Petroleum Ghana is a wholly owned subsidiary of AGM Gibraltar which has the following stakeholders: AGR Energy 49.5%, Minexco 48% and MED Songhai Developers 2.5%. AGMâs exploration works so far include the reassessment of previous 3D seismic data (2009) covering the acreage. The blockâs water depths range from 2,500 to 3,500 m
In early May 2018, it was understood that Aker Energy AS (Aker Energy) was in discussions over the acquisition or farm-in of AGM Petroleumâs South Deepwater Tano block (SDWT), adjacent to Aker Energyâs Deepwater Tano / Cape Three Points (DWT/CTP) permit recently acquired through Hessâ divestment. 