Springfield Exploration and Production (SEP) and its partners have officially announced the discovery of oil its maiden drilling campaign in the West Cape Three Points (WCTP) Block 2 in Ghana’s offshore.
Afina-1 which is located at a water depth of 1,030 metres was drilled to a total depth of 4, 085 metres and encountered light oil with a gross thickness of 65 metres, with 50 metres light net oil pay in good quality Cenomanian sandstones.
The secondary target in Turonian age sands was drilled at the edge of the structure and encountered 10 metres of hydrocarbon bearing sands consisting of light oil and gas.
“Springfield has more than doubled its discovered oil in place volume to 1.5 billion barrels and added 0.7tcf of gas,” it said in a statement Wednesday.
The current undiscovered potential of the Block is estimated at over 3 billion barrels of oil and gas in multiple leads and prospects within various proven reservoir units.
With this, Springfield has made history as the first independent Ghanaian and African Energy Company to drill in deepwater and find hydrocarbons.
Springfield is currently the operator and majority interest holder (84%) of WCTP Block 2, with GNPC and its exploration company, EXPLORCO, holding the remaining interest.
“This is great news for Springfield, Ghana and Africa. We are excited about the discovery as it ties into our vision of becoming a leading African upstream player with a global focus,” Chief Executive of Springfield, Kevin Okyere said.
The feat, he explained, will “impact the lives of our people positively with the resources”.
Chief Executive of GNPC, Dr. K. K. Sarpong, said GNPC is proud of the feat chalked in the all-Ghanaian partnership.
“This achievement fits into GNPC’s strategic pillars of ‘replacing and growing reserves’ as well as ‘enhancing sustainability through local content development…’
He said the discovery demonstrates the high prospectively of Ghana’s sedimentary basins and the Ghanaian capacity to deliver, given the opportunity.
By 3news.com|Ghana