Indigenous oil firm Springfield will begin historic oil drilling in its Deep Water West Cape Three Points Block 2 in the Western Region from Monday.
The company is going ahead after drillship Stena Forth berthed on the country’s waters last Friday.
Springfield could be making another history if after the drilling it declares discovery in commercial quantities and sets forth to prepare for field development and production in the next few years.
Group Chief Executive of Springfield on this exercise
Chief Executive Officer of the Springfield Group, Kevin Okyere had told JoyBusiness about his excitement with the development.
He believes it would fast track the process of its starting full-scale commercial production.
Mr Okyere added that it “would indeed see us become the first independent, group African Energy Company to drill in deep water.”
“After this drilling campaign, we would be able to tell you that from this assets we would produce this number of barrels a day and it’s going to take this amount of time to be in production,” he said.
The Group CEO said, “We hope that they are going to get commercial production in the next few months.”
The drillship and blocks to be worked on from Monday
Officials of Springfield earlier this year disclosed to JoyBusiness that they had contracted charter drillship, Stena Forth for two well drillings in the country on its deepwater West Cape Three Points, block 2 off Ghana.
The Stena Forth is one of the world’s most sophisticated drillships and capable of operating in up to 10,000 feet of water and drilling to a depth of 35,000 feet.
In April 2017, Springfield – which is a wholly-owned Ghanaian company, contracted the world’s largest seismic vessel, the Ramform Titan owned by Petroleum Geo-Services (PGS) to undertake a 3-D seismic data acquisition on its Block.
Springfield ventured into the upstream sector to secure private Ghanaian involvement in upstream exploration and production opportunities in Ghana and the West African sub-region.
In 2016, the Ghana government awarded Springfield Exploration and Production Limited its pioneer asset- West Cape Three Points Block 2 Offshore Ghana.
Springfield is currently the Operator and Majority Interest Holder (84%) of West Cape Three Points Block 2 with the Ghana National Petroleum Company and its exploration company, Explorco, holding the remaining interest.
Springfield begins its first drilling campaign in 2019 and is on course to be the first independent Ghanaian operating company to drill in deep-water and produce oil and gas in commercial quantities.
Springfield Oil and its operations in Ghana
Springfield commenced operations in Ghana in 2008 and became one of the pioneers, key players in Ghana’s downstream sector.
It obtained a license in 2010 as a Bulk Distribution Company (BDC) from Ghana’s National Petroleum Authority (NPA) for the procurement, sale and distribution of petroleum products to Oil Marketing Companies (OMC’s), refineries as well as neighbouring land-locked countries across West Africa.
Springfield was also the first independent Ghanaian company to lift the Government of Ghana’s crude oil entitlement from the TEN field in 2016 and 2017.
The Group ventured into Nigeria in 2011 where it became active in Nigeria’s downstream sector by exporting crude oil and also handling the exports of new productions and complex logistics from gas to liquid processing. These products were placed directly in Asia and South American countries.
Springfield has interacted with and formed strategic alliances with various oil majors and participants in the downstream sector including BP, Chevron, Total, SK Energy, Braskem, Vitol and, Trafigura.
In the area of oilfield services, Springfield acquired a permit to provide services to the upstream petroleum industry in Ghana in 2011.
Springfield, through one of its subsidiaries, entered into a joint venture (JV) agreement with Aker Solutions of Norway, one of the largest companies that provide subsea equipment and services to enable the production of oil wells.
The JV Company operates in Ghana as Aker Solutions Ghana Limited.
- Our Day list: Oswald’s mother explains why her son mentioned Mrs Appiah
- Collins Dauda faces criminal charges over Saglemi Housing project
- Our Day list: I have a habit of forgetting, that is why my son wrote a letter – Mother
- This is my best Our Day – Boy who wrote wishlist to mother
- I will win hands down even against Asiedu Nketia – Assin North NPP parliamentary candidate
- Our Day list: Naana Opoku Agyemang pledges iPad Pro to Oswald
- Our Day List: Photos from Oswald’s new world
- Free SHS: Akufo-Addo hints at more budgetary allocation to education sector to address access and infrastructure
- Our Day List: KiDi performs at Oswald’s school, gifts him a Samsung tablet
- Parliament approves Kissi Agyebeng for Special Prosecutor
Akufo-Addo appoints Sammi Awuku as Director General of NLA
NHIS to take healthcare access to doorsteps of civil servants
B5 Plus Limited emerge as Best Corporate Social Responsibility Company of the Year
Let’s denounce LGBTQ+ – Razak Opoku
Rewind: The best photos from MTN FA Cup 2021 quarter-finals
Haruna Iddrisu questions Kissi Agyebeng’s independence as Special Prosecutor
Covid-19: No antigen testing equipment is 100% with sensitivity and specificity – Dr Ayew Afriyie
Alleged phone thief chops off owner’s 4 fingers
Ghana deserves a national cathedral – Razak Opoku
Winners from 1xBet’s Prize Hunt final draw from Ghana received their well-deserved rewards
Our Day List: Photos from Oswald’s new world
Ato Forson alleges government paid GH¢16m for Sputnik V vaccines
Health Ministry receives Antigen test machines and kits for testing Covid-19
Mahama and Lordina celebrate 29th marriage anniversary
I was privileged but not lucky as a child – President of Academic City College