African independent finds oil offshore Ghana

Created: Tuesday, 19 November 2019 06:32

A Ghanaian independent energy company Springfield Group has discovered more than 1.2bn bbl of oil in its deepwater drilling offshore Ghana

The discovery is the result of the drilling of two wells over the past 40 days, which both struck oil, according to Springfield. Equally important, commercially viable quantities of gas were also discovered, the company added.

“What a year for Africa’s exploration!” declared Nj Ayuk, executive chairman of the African Energy Chamber and CEO at the Centurion Law Group.

“Springfield and its CEO Kevin Okyere represent the African spirit of defying insurmountable odds and sticking to it when everyone counts you out,” he added.

“Africa is a burning exploration frontier where the most significant oil and gas discoveries are being made not only by international explorers but by our own companies. The Ghana discovery is the result of efforts made by African entrepreneurs, in a country where first discoveries were made only 12 years ago,” he noted.

“More importantly, it was made within a block that was relinquished by US explorer Kosmos Energy, known to be a front-runner in making massive discoveries across Africa and opening up new frontiers. It speaks volumes to the value that local content development can create when African companies and entrepreneurs are allowed to contribute to their industry,” he continued.

The African Energy Chamber has called on the government of Ghana to incentivise the full development of the block. The chamber believes such development will create jobs for Ghanaians and opportunities for Ghanaian companies and entrepreneurs to service West Africa’s upcoming offshore development.