In a bold step for Ghana’s energy future, Springfield Exploration and Production Limited has initiated a crucial appraisal of the Afina-1x well, aiming to cement its role as a leader in Ghana’s oil sector.
Government could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday.
When industry players in Ghana’s energy sector recently gathered under the guidance of the Public Interest and Accountability Committee (PIAC), the stunted nature of the country’s oil production dominated the conversation.
In the grand tapestry of Ghana’s oil and gas sector, John Mahama’s vision stands as a beacon of hope and progress. As we navigate the complexities of energy production, it is critical for all stakeholders, including government entities, private investors, civil society, and the communities affected by extraction to come together and embrace a unified approach.
Springfield Exploration and Production Limited has begun well appraisal activities barely three months after an international tribunal directed the government to let the Ghanian firm do further work to complete the Afina-Sankofa unitisation.
The oil and gas sector has emerged as a vital pillar of Ghana’s economy, wielding significant influence over its growth trajectory and development.
The Public Interest and Accountability Committee (PIAC) has highlighted that the most immediate consequence of declining oil production is a reduction in revenue from oil and gas.
Springfield E&P, a wholly Ghanaian company and major player in the oil and gas industry, says work has commenced on the appraisal of its Afina field to test the flow of oil in the reservoir and obtain the well productivity data.
The Africa Centre for Energy Policy (ACEP) has explained that its positions on Springfield Afina drilling appraisal are not intended to harm Springfield but highlight issues of national interest, which have been undermined by recent governance failures.
Ghana has issued four exploratory licences to three indigenous oil and gas firms to undertake exploration activities in the onshore Tano and Voltaian basins.