A Ghanaian Independent energy firm, Springfield Exploration and Production Limited (SEP), has discovered more than 1.2 billion barrels of oil in its deepwater drilling off the coast in the Western region.
An official announcement is expected to be made in the coming days, authorities have said.
SEP began exploration in October in the West Cape Three Points Block 2.
The Chief Executive Officer of Springfield, Mr Kevin Okyere, said in a Financial Times report that: “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.”
According to him, the feat puts to rest doubts people had about his company. SEP has one of the world’s largest seismic vessel in Ghana which is being used to undertake research.
Springfield had drilled two wells in the past 40 days and made discoveries in both, according to Citinewsroom. According to the company, out of the 1.2bn in proven reserves, 30-35 percent would be recoverable in addition to commercially viable quantities of gas.
Springfield Exploration and Production Limited was incorporated in March 2008 to pursue exploration and production opportunities in Ghana and the West African sub-region. The process of acquiring a block began in 2012, but this was finally awarded by the government of Ghana in March 2016.
From 2016 until now, the company has been building capacity for both upstream and downstream operations with a significant mix of experienced international industry practitioners working alongside their Ghanaian counterparts.
In April 2017, Springfield contracted the world’s largest seismic vessel, the Ramform Titan owned by Petroleum Geo-Services (PGS) to undertake a 3D broadband seismic data acquisition on its Block.
Source: starr fm
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discovery must be substantiated by the proper qualified verifying authorities to ascertain quantities and quality .
Good one there, God has always blessed Ghana
It looks like God bless Ghana with goodies whenever good people NPP is in power. Ghanaians have to pay attention to these signs and support this NPP government to develop Ghana as Dubai
Kudos to the N P P. Once again N.P.P government has done it in oil discovery.The first N.P.P government under John Kufour discovered oil in commercial quantities.N.D.C came in and try to take credit.For all their tenure under Atta Mills and John Mahama not a drop of oil was discovered.Today under yet another N.P.P government another oil discovery has been made. Ghana be careful of N.D.C and 2020 elections. Do the right thing and put them where they belong,opposition forever.
NPP always discovers oil , the other one only chops and do propaganda.