By mid-February 2018, US-based operator Hess Corp (Hess) reportedly entered into an agreement with Aker Energy AS (Aker Energy), a 50-50 joint venture between Aker ASA (Aker) and TRG AS (TRG), to sell its interests in the companyâs last operated permit in Sub-Saharan Africa, namely Deepwater Tano / Cape Three Points (DWT/CTP) Block. Indeed, on 5 February, Hess revealed that it decided not to develop its Ghanaian oil assets, in order to concentrate on its participation in the ExxonMobil-operated Stabroek block offshore Guyana and its US-based projects. The 2,024 sq km DWT/CTP Block is believed to hold 285 MMbbl of oil and 918 Bcf of gas. The main field (Pecan) is an elongated Turonian channel system, N-S oriented. Pecan is expected to be the main production hub of the permit, with several satellites to be tied in at later stages (Pecan North, Almond, Cob, Paradise). Aker Energy reported that the total cash consideration for the transaction was 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 PDO is expected to be submitted in 2018 with anticipated first oil in 2021. So far, Hess operated the DWT/CTP Block with 40%, since it farmed out 38% working interest to Lukoil and 2% to local company FuelTrade in early 2015. State-run Ghana National Petroleum Corp (GNPC) held the remaining 20%. Â 
Ghana (Cote d'Ivoire B.) Cape Three Points