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Ghanaian firm Springfield makes historic oil discovery of 1.2bn barrels in deepwater

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Springfield Exploration and Production Limited (SEP), an independent Ghanaian energy company, has made a discovery of more than 1.2 billion barrels of oil in its deepwater drilling off the coast in the Western Region.

Springfield commenced drilling activity in the Afina-1 wildcat on the West Cape Three Points  (WCTP) Block 2 last month October and made discovery at in November.  

The WCTP also has other existing crude oil discoveries which includes Banda and Odum.  

Springfield’s Chief Executive Officer, Mr. Kevin Okyere said the historic achievement chalked by his company was symbolic of what determination and perseverance can do for any individual or group of people.  History has been made with Springfield being the first independent and african company to drill and make discoveries in Ghana.

Mr. Okyere expressed hope that Springfield’s successes offshore and the numerous experience it had gathered reaching this far, would become a lesson to other Ghanaian and African companies to learn from.

Springfield has ownership stake of 82% on the WCTP Block 2 and is the operator of the block, while the national oil company, Ghana National Petroleum Corporation (GNPC) holds 18%.

After being awarded the license in 2016,  Springfiled engaged Petroleum GeoServices vessel , Ramform Titan to carry out a 3D broadband seismic survey and acquisition.   

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