Our board and management steers the affairs of the Group through decision-making, strategy, policymaking and management oversight. It ensures the sustainability of the Group’s business and adherence to international best practices in operations
Downstream and Global Trading
Springfield commenced trading operations in 2008 to meet the local demand of imported refined products as well as crude oil and became one of the pioneer players in Ghana’s downstream sector.
We obtained a license in 2010 as a Bulk Distribution Company (BDC) from Ghana’s National Petroleum Authority (NPA) for the procurement, sale and distribution of petroleum products to Oil Marketing Companies (OMC’s) and refineries.
Leading exporters of refined products
Over a period of five (5) years, we supplied 12.5% of Ghana’s petroleum products requirement and continue to be one of the leading exporters of refined products to neighboring land-locked countries such as Mali and Burkina Faso. We were also the first independent Ghanaian entity to lift the Government of Ghana’s crude oil entitlement from the TEN field in 2016 and 2017.
Exporting crude oil
The Group ventured into Nigeria in 2011 where we became active in Nigeria’s downstream sector by exporting crude oil. We also successfully handled the export of a new gas to liquid product (condensate) with the attendant complex logistics. These products were placed directly in South Korea, Brazil, and parts of Europe.
Business partnerships
We have traded with and formed business partnerships with various oil majors and participants in the downstream sector including BP, Chevron, Total, SK Energy, Braskem as well as Vitol, Trafigura and Glencore. We are currently exploring the promotion of petroleum product imports of higher specifications as well as alternative fuels.
Bringing transformational change
We are also exploring new large-scale investment opportunities in Africa for predominantly gas as well as oil projects.
Sustainability
Our business model operates as a fully integrated entity across the entire value chain of the oil and gas industry. Operating our pioneer assets in a safe and sustainable manner, delivering long-term value to investors and stakeholders while minimising impact upon the environment.
Business Model
Supporting our policy of social investmentv are the acquisition, exploration and production of our upstream assets, infrastructure and storage facilities.
