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Springfield Group set to make history by becoming the first independent African energy company to drill in deep water.

IMG-20190820-WA0011The two CEOs appending their signatures to the document

26th August, 2019 Accra: Springfield Exploration and Production Limited (SEP), a subsidiary of Springfield Group, is on course to make history by becoming the first independent African Energy company to drill in deep water. 

Springfield, which operates the West Cape Three Points Block 2 (WCTP Block 2), has signed a contract with Stena Unicon Offshore Services Ghana Ltd. (Stena Unicon) - one of the world’s foremost independent drilling contractors - for the Stena Forth Mobile Offshore Drilling Unit (MODU). 

Springfield will utilize the Stena Forth in late September for a drilling campaign on WCTP Block 2. The campaign will first target the Oak-1x well on trend with the Beech discovery, made on the Deep Water Tano Cape Three Points block (DWT/CTP) to the south-west of WCTP Block 2.  The next well, Afina-1x, will test the Cenomanian oil potential on a similar play fairway to discovered resources to the east of WCTP Block 2. Springfield continues to work to firm up further drilling locations on the highly prospective WCTP Block 2.

Springfield Group’s CEO Kevin Okyere, said: “This is a huge moment for Springfield Group and, I believe, for Ghana.  Deep water drilling has never been carried about by an independent African Energy company and we are incredibly proud to be on the cusp of being the first to do so.

“Chalking this milestone brings us closer to our vision of making our communities the ultimate beneficiaries of the resources on the continent. We are committed to achieving this to make Ghana and Africa proud.”

Erik Ronsberg, Chief Executive Officer of Stena Drilling Ltd. and Director of Stena Unicon commented:

“We’re absolutely delighted to have signed a contract with Springfield Exploration & Production Ltd. and very grateful for SEP’s confidence in our company.  We have worked in Ghana for several years now, building our Ghanaian crew complement on Stena Forth to over 50%, so thrilled to be playing a part in Ghana’s exciting future together with an inspiring company like Springfield.”

The Stena Forth, 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, is currently under contract with Tullow Oil Plc in the South American country of Guyana and is expected to set sail to Ghana immediately upon completion of its task.

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.

 

IMG-20190820-WA0013Mr. Okyere in a firm handshake with Mr. Ronsberg after signing the contract

 

IMG-20190820-WA0012Members of Ghana’s Petroleum Commission Board and Management, including the Chairman, Sekyere Abankwah, seated (2nd from right) and Senior Management Staff of Ghana National Petroleum Corporation in a pose with the Springfield Team and Unicon Offshore executives after the signing ceremony.