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
-
FIFPRO condemns Geremi Njitap ban, urges FIFA and CAF to act
42 minutes -
Samuel Eto’o bans former teammate Geremi Njitap for five years
53 minutes -
Police arrest 8 at Ayanfuri over galamsey, illicit drugs
2 hours -
Ghana Immigration Service issues warning on fraudulent recruitment schemes
3 hours -
NPA proposes tougher punishment to crack down on illegal fuel stations
4 hours -
Martin Kpebu rallies youth to take over the country
4 hours -
The 2026 NPP Presidential Primary
4 hours -
Trump announces air strikes on three nuclear sites in Iran
6 hours -
TESCON SD Dombo University condemns Stephen Amoah’s religious comment
7 hours -
Former SWAG President Ackah passes on
8 hours -
Maison Yusif unveils 2 new fragrances, opens flagship store in Accra
8 hours -
GOC, NSA commemorate International Olympic Day in Accra
8 hours -
Kalsoume Sinare, Namoale, 13 others land ambassadorial roles under Mahama
8 hours -
Photos: President Mahama arrives in Abuja for 67th ECOWAS Heads of State Summit
8 hours -
First batch of pilgrims from Mecca arrives in Tamale
9 hours