Aker Energy, the beleaguered operator of the long-stalled Greater Pecan oil project offshore Ghana, has a new owner, one that is intent to revive this what was a challenging $2 billion deep-water development.

Greater Pecan has been on hold for about two years, while Aker Energy worked out how to finance a project hit by Covid and political issues, all while state-owned Ghana National Petroleum Corporation (GNPC) wanted to buy a stake in the asset for $1.3 billion.

Today, Aker Capital — 100%-owned by Aker ASA — and Norway-based TRG agreed to sell their respective 50.79%