Springfield Exploration and Production (SEP) Limited and its Partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, have officially announced significant oil discovery in Ghana.
The discovery follows the companies’ maiden Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana.
Springfield has more than doubled its discovered oil in place volume to 1.5 billion barrels and added 0.7tcf of gas.
In press statement on Wednesday, Springfield said: “The current undiscovered potential of the Block is estimated at over 3 billion barrels of oil and gas in multiple leads and prospects within various proven reservoir units.”
“With
this, Springfield has made history as the first Independent Ghanaian
and African Energy Company to drill in deepwater and find hydrocarbons.”
Springfield
is currently the Operator and Majority Interest Holder (84%) of WCTP
Block 2, with GNPC and its exploration company, EXPLORCO, holding the
remaining interest.
Chief
Executive Officer of Springfield, Kevin Okyere said “This is great news
for Springfield, Ghana and Africa. We are excited about the discovery
as it ties into our vision of becoming a leading African upstream player
with a global focus. This for us means increased opportunities to
impact the lives of our people positively with the resources.”
The
Chief Executive of GNPC, Dr. K. K. Sarpong said “As the national oil
company of Ghana, GNPC is proud of this feat, chalked in this
all-Ghanaian partnership. This achievement fits into GNPC’s strategic
pillars of: ‘replacing and growing reserves’ as well as ‘enhancing
sustainability through local content development…’ This discovery
demonstrates once again the high prospectivity of Ghana’s sedimentary
basins and the Ghanaian capacity to deliver, given the opportunity.”
