Accra, Dec. 11, GNA
– Springfield Exploration and Production (SEP) Limited and its Partners, Ghana
National Petroleum Corporation (GNPC) and GNPC EXPLORCO, have announced
significant oil discovery following its 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.
With this,
Springfield has made history as the first Independent Ghanaian and African
Energy Company to drill in deepwater and find hydrocarbons.
“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,” the company said in a statement on Wednesday.
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.”
Dr. K. K. Sarpong,
Chief Executive of GNPC 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.”
Springfield Exploration
and Production Limited was incorporated in March, 2008 to pursue exploration
and production opportunities in Ghana and the West African sub region.
GNA
