Springfield Exploration and Production (SEP) and its partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, announced a significant oil discovery following its Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana.
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. 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.
Chief executive officer of Springfield, Kevin Okyere said: “We are excited about the discovery as it ties into our vision of becoming a leading African upstream player with a global focus."
Dr. K. K. Sarpong, chief executive of GNPC said: “As the national oil company of Ghana, GNPC is proud of this feat, chalked in this all-Ghanaian partnership. This discovery demonstrates once again the high prospectivity of Ghana’s sedimentary basins and the Ghanaian capacity to deliver, given the opportunity.”
Springfield is currently the operator and majority interest holder (84 per cent) of WCTP Block 2, with GNPC and its exploration company, EXPLORCO, holding the remaining interest.