Audio By Carbonatix
Government has directed Eni SpA and Springfield E&P to begin talks to combine their adjacent oil and gas fields, according to a letter seen by Reuters.
The April 9 letter from Energy Minister John-Peter Amewu to the two companies says seismic data indicates that Eni’s Sankofa offshore field, which entered production in 2017, and Springfield’s recently discovered Afina field have “identical reservoir and fluid properties”.
It instructs the companies to begin within 30 days the process leading to the unitization, or joint operation, of the two fields in order to ensure efficient production and gives them 120 days to provide the ministry a draft agreement.
Spokespeople for Eni and Springfield confirmed they received the letter but declined further comment.
Amewu’s letter says Eni had previously argued it was premature to be talking about unitization since Springfield had not yet appraised and tested its discovery, but that the ministry rejected that argument.
Sankofa is part of Eni’s Offshore Cape Three Points project off Ghana’s Atlantic Coast, which it says has reserves of about 40 billion cubic meters of unassociated gas and 500 million barrels of oil.
Springfield, a wholly owned Ghanaian company, said in December that it had discovered 1.5 billion barrels of oil and 0.7 trillion cubic feet of gas at its Afina field.
Latest Stories
-
TCDA to establish 16,000 hectares of tree crop enclaves across all 16 regions
35 minutes -
Pending applications won’t halt Kpandai parliamentary rerun – Kwame Akuffo
37 minutes -
Adwoa Safo says her political future lies with Bawumia rather than Kennedy Agyapong
42 minutes -
Black Stars to face Germany in pre-World Cup friendly on March 30
51 minutes -
Hiving off AG’s powers to OSP without amending Article 88 is unconstitutional – Kwame Akuffo
58 minutes -
AG has constitutional authority over OSP, including power to enter nolle prosequi – Kwame Akuffo
2 hours -
Visa, Absa Bank Ghana launch Absa Pay, Ghana’s first issuer wallet
2 hours -
Ghana-U.S. partnership deepening under new policy direction – Deputy Assistant Secretary
2 hours -
GPL 2025/26: I am ‘unfairly treated’ – Karim Zito hits back at critics
2 hours -
Health Ministry holds first Midwives’ Innovation Hackathon, showcases bold frontline solutions
2 hours -
Ghana: How the theft of a small engine part is fueling pollution, crime, and a deadly health crisis
2 hours -
Jubilee House confronts corruption as new survey signals shifts in bribery trends
3 hours -
Rickie Hurtubiase wins Gridco Centre of the world Golf Club championship
3 hours -
Black Galaxies hold first training session ahead of South Africa friendly
3 hours -
Mothercare School pupils shock Medical Trust Fund with ¢8000 donation following clarion calls for support
3 hours
