AGM Petroleum Ghana Limited (AGM) and its owners have decided to relinquish the South Deep Water Tano (SDWT) block after carefully considering all options, a statement from the company has said.
According to the statement, AGM has carried out substantial activity in Ghana and contributed through drilling two ultra deepwater wells including the Nyankom discovery, and matured the subsurface understanding to the benefit of the Ghanaian authorities and other industry players.
“AGM is an independent company and the decision has no implication for Aker Energy’s plans in Ghana,” the statement added.