Ghana National Petroleum Corporation (GNPC) has reaffirmed its commitment to supporting Springfield Exploration and Production Limited, a Ghanaian upstream player, in its quest for success in the oil and gas sector.
According to GNPC’s Acting Chief Executive Officer, Edward Abambire Bawa, Springfield’s success is crucial for inspiring indigenous involvement and investment in Ghana’s upstream petroleum domain.
“The success of Springfield E&P transcends singular corporate achievement; it sets a benchmark for heightened indigenous involvement in Ghana’s upstream domain. A thriving Springfield will ignite investor confidence, allure fresh entrants and generate employment prospects for Ghanaian nationals,” said Edward Bawa during a visit by officials of Springfield E&P led by its CEO, Kevin Okyere, to the GNPC’s head office in Tema.
The GNPC’s CEO commended Springfield’s recent operational endeavours, particularly its Afina appraisal exploits which have significant implications for Ghana’s oil and gas sector.
In November 2024, Springfield completed an Appraisal of Afina well located in the West Cape Three Points Block 2, following a ruling by an International Court of Arbitration that a further work needed to be done to ascertain whether the properties of oil in the Afina well and Sankofa field in the OCTP Block, operated by Eni, are the same or otherwise before a unitisation of the two blocks.
The firm was satisfied with the result of the exercise which was undertaken by Deepsea Bollsta, a Norwegian offshore company.
During the discussion between officials of Springfield and GNPC, the Acting CEO, Edward Bawa, emphasised the importance of gas in Ghana’s energy blueprint, highlighting its role in harnessing maximum benefits from the nation’s hydrocarbon resources.
He noted that Ghana’s current gas supply shortfall necessitates collaborative efforts to boost exploration and production.
“Gas epitomizes Ghana’s energy stability and economic progress. Given the extant lacuna in gas provision and output, GNPC embraces partnerships that will galvanise exploration endeavours and unearth additional gas reservoirs to energise industries and propel economic advancement,” appended Mr Bawa.
On his part, the Springfield E&P CEO, Mr Kevin Okyere, commended Mr Bawa on his appointment, expressing unwavering confidence in his stewardship and GNPC’s overarching strategic trajectory.
He provided insights into Springfield’s recent Afina appraisal exploits, delineating key discoveries and their potential ramifications for Ghana’s oil and gas sector.
Mr Okyere underscored the criticality of maximising Ghana’s hydrocarbon assets, accentuating his conviction in the synergy between GNPC and Springfield to not only bolster unitisation efforts but also to amplify the nation’s reserves.
He emphasised the urgent necessity for Ghana to fully exploit all potential resources, including stranded gas to fortify the nation’s energy security and fortify its developmental trajectory.
In response, Edward Bawa commended Springfield’s pivotal role as an indigenous Ghanaian operator, acknowledging the company’s significance in the nation’s upstream petroleum domain.
Source: https://energynewsafrica.com
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