Springfield Exploration and Production (SEP) Limited and its partners have announced a significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana
Springfield and its partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, have discovered 1.5bn bbl of oil and approximately one trillion cubic feet of proven gas in the Afina-1 well, with a potential of more than three billion barrels of oil.
The company claims that it has made history as the first Independent Ghanaian and African Energy Company to drill deepwater and find hydrocarbons.
Springfield is currently the operator and majority interest holder (84 per cent) of WCTP Block 2, with GNPC and its exploration company, EXPLORCO, holding the remaining interest.
Kevin Okyere, CEO of Springfield, 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.”
Ghana currently produces about 200,000 bopd, half of which is derived from Tullow’s Jubilee field.
