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Springfield makes billion-barrel find off Ghana

December 14, 2019
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Springfield makes billion-barrel find off Ghana

Click here to view original web page at www.energyvoice.com

Ghana’s Springfield Exploration and Production has found oil in two areas at its Afina-1 well on its West Cape Three Points (WCTP) Block 2, offshore Ghana.

The company has said it believes there are 1.5 billion barrels of oil in place, more than double its previous number, and added 700 billion cubic feet (19.8 billion cubic metres) of gas.

“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,” said Springfield E&P’s CEO Kevin Okyere. This for us means increased opportunities to impact the lives of our people positively with the resources.

The well found 65 gross metres of oil pay, of which 50 metres was net, in Cenomanian sandstones, with another 10 metres of hydrocarbon-bearing sands in Turonian-age sands. The well was drilled in 1,030 metres of water and reached a total depth of 4,085 metres.

The Afina-1 well was drilled between the Banda find, which was announced in 2011 by Kosmos Energy, and Eni’s Sankofa field, in the Offshore Cape Three Points (OCTP) licence.

Undiscovered potential on the WCTP Block 2 is estimated by Springfield at more than 3 billion barrels of oil and gas, across various reservoir units.

Springfield E&P is the first Ghanaian, and first African, company to drill in the deepwater and find hydrocarbons, it said. The company has an 84% stake in the WCTP Block 2, while the remainder is held by Ghana National Petroleum Corp. (GNPC) and GNPC’s exploration unit, EXPLORCO.

GNPC’s CEO KK Sarpong welcomed the Afina-1 news and the “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.’”

Springfield E&P was set up in 2008 and began hunting for a block in 2012, winning the WCTP Block 2 in 2016.

Faruq Hunter http://www.freedomnation.me

Faruq Hunter is the founder of the Freedom Nation, an aspiring international network of smart eco-villages, sustainable farms, homesteads and Fab Labs that serve as self-sustaining communities for pioneering makers and innovators trying to fix the world's greatest problems. For more than two decades, he has travelled and worked in over 80 countries, servicing both the public and private sectors

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