BLACK GOLD BULLETIN

It is very rare to come across a local company that has the technical expertise and financial capacity to explore and produce hydrocarbons, especially in a developing country like Ghana, a country that began commercial oil production just in 2011.  In the exploration and production space of oil and gas, some names like ENI, Kosmos, Aker, Tullow and the likes are very common to hear. Until about 2016, a new age of local participation in the exploration and production of oil and gas began with a company called Springfield Exploration and Production (SEP).  Kevin Okyere  (CEO, Springfield Group) Springfield began in 2008 as a local company in the fuel trading space. During that time, efforts were made by the company to secure an oil block for exploration and production. The government denied their proposal owing to the fact that they were not yet financially capable to take up the task. In view of that, foreign companies who had the technical expertise and financial capabili...

Springfield Exploration and Production (E&P) has contracted the Deepsea Bollsta rig from Northern Ocean Limited (NOL) to oversee the appraisal of the Afina-1x well in the offshore West Cape Three Points Block 2 (WCTP-2) of Ghana. This partnership, alongside the Ghana National Petroleum Corporation (GNPC) and GNPC Explorco, marks a strategic initiative aimed at completing the unitisation process for the Afina-Sankofa oil fields. The unitisation process is anticipated to deliver substantial value to the government and all stakeholders. Scheduled to commence in October, the well test represents a significant milestone for Springfield as it strives to become the inaugural independent African oil producer in deep waters. Springfield CEO Kevin Okyere expressed his pride in this accomplishment, underscoring it as a testament to the company's perseverance and dedication to unlocking Ghana’s oil production capabilities. He hopes that Springfield’s persistence will serve as inspiration f...