Press Releases

Springfield E&P supports healthcare in Western Region.

At brief ceremonies between 3rd and 5th October, the company handed over the items to various Medical Superintendents and Hospital Administrators to initiate collaboration between the company and the hospitals to complement the efforts of the government and other health care providers in the region.The items included gauze bandages, cotton wool, surgical gloves, examination gloves, …

Continue reading “Springfield E&P supports healthcare in Western Region.”

SPRINGFIELD SIGNS US750M FACILITY WITH. AFREXIMBANK

Accra, Ghana, 22nd June 2023 Springfield Exploration and Production Limited (SEP), an independentAfrican energy company) has signed a US$750 million facility with African Export-Import Bank(Afreximbank).The ceremony took place at the ongoing Afreximbank 30 th Annual General Meetings being held in Accra.Mr George Owodo, Chief Finance Officer signed for Springfield whilst Ms Oluranti Doherty, Director, Export …

Continue reading “SPRINGFIELD SIGNS US750M FACILITY WITH. AFREXIMBANK”

Court rules 30% of Eni Ghana oilfield revenue to go into escrow

ACCRA, June 25 (Reuters) – (This June 25 story corrects to clarify amount of oil and gas, in final paragraph.) A commercial court in Ghana on Friday ordered that 30% of revenues from an Eni-operated oilfield (ENI.MI) be placed in an escrow account, granting a request by the local operator of an adjacent field over Eni’s objections. …

Continue reading “Court rules 30% of Eni Ghana oilfield revenue to go into escrow”

Ghana Court Orders Eni to Set Aside Part of Sankofa Revenues

Eni SpA and Vitol Group could lose a share of the proceeds from their offshore oil field in Ghana after resisting a government order to merge their asset with a domestic company’s neighboring field. A Ghanaian court ordered Eni, the field operator, and its joint venture partner to pay 30% of all revenues generated from their Sankofa field, which …

Continue reading “Ghana Court Orders Eni to Set Aside Part of Sankofa Revenues”

Pay 30% revenue into escrow account – High Court orders Eni, Vitol

The Commercial Division of the Accra High Court has ordered the operators of the Sankofa Oil Field to preserve 30 per cent of all the revenues which will be accrued from the field until the final determination of a legal dispute relating to it. Per the order of preservation, the 30 per cent revenue must be …

Continue reading “Pay 30% revenue into escrow account – High Court orders Eni, Vitol”

High Court orders oil giant Eni to pay 30% revenue into escrow account

A Commercial High Court has ruled in favour of Springfield Exploration & Production (SEP) Limited to freeze 30% of revenues received by Eni and Vitol from the sale of crude oil from the Sankofa field, which is operated by Eni Exploration and Production Ghana Limited and the subject matter of the ongoing unitization dispute between …

Continue reading “High Court orders oil giant Eni to pay 30% revenue into escrow account”

Ghana Court Orders Oil Giant Eni to Pay 30% Revenue Into Escrow Account

Accra, Ghana//-A Commercial High Court sitting in Accra, ruled in favour of SEP’s application to freeze 30% of revenues received by Eni and Vitol from the sale of crude oil from the Sankofa field, which is operated by Eni Exploration and Production Ghana Limited and the subject matter of the ongoing unitization dispute between Eni …

Continue reading “Ghana Court Orders Oil Giant Eni to Pay 30% Revenue Into Escrow Account”

Breaking News: Ghana: High Court Orders ENI & Vitol To Set Aside 30% Of Oil Cash From Sankofa Oil Field Pending Final Determination Of Springfield E&P Case.

A Hight Court in the Republic of Ghana, West Africa, presided over by Justice Mariama Sammo (MS) has ordered Italian oil and gas firm, ENI and Vitol, to set aside 30 percent of oil proceeds from the Sankofa Field in an escrow account, pending the final determination of an application filed by Springfield E&P, a …

Continue reading “Breaking News: Ghana: High Court Orders ENI & Vitol To Set Aside 30% Of Oil Cash From Sankofa Oil Field Pending Final Determination Of Springfield E&P Case.”

Oilfield unitisation: 30% of ENI Sankofa revenue to go into escrow, court rules

The court said its decision will protect interests owned by Springfield while allowing Sankofa to continue operating and ENI to cover cost A commercial court in Accra on Friday (25 June 2021) ruled that 30% of revenue from an ENI-operated oilfield be placed in an escrow account. Springfield, which operates the Afina oilfield neighbouring ENI’s …

Continue reading “Oilfield unitisation: 30% of ENI Sankofa revenue to go into escrow, court rules”

Ghana court rules against Eni in Springfield dispute

A Ghanaian court has awarded Springfield Exploration and Production a 30% share of revenues from Eni and Vitol’s Sankofa field as of today. Springfield, in a statement, said it expected the payment would be worth around $40 million per month. The two sides will keep the cash in an escrow account. The Commercial High Court …

Continue reading “Ghana court rules against Eni in Springfield dispute”

Part of Revenue from Eni’s Sankofa Field to Go into Escrow, Ghana Court Rules

A commercial court in Ghana on Friday ruled that 30% of revenue from an Eni-operated oilfield be placed in an escrow account, as requested by the local operator of an adjacent field in a dispute over the combination of the projects. Springfield, which operates the Afina oilfield neighboring Eni’s Sankofa field, had asked the court to preserve …

Continue reading “Part of Revenue from Eni’s Sankofa Field to Go into Escrow, Ghana Court Rules”

Springfield becomes first Ghanaian energy company to produce oil in Ghana

A year after its significant discovery off the coast of Ghana, Springfield has once again made history by becoming the first homegrown energy company with oil production in the country following the unitization of the Sankofa and Afina Fields. The Government of Ghana declared the two fields unitized with Afina holding 54.545% of the combined …

Continue reading “Springfield becomes first Ghanaian energy company to produce oil in Ghana”

NATURAL GAS-SUPPORTING GHANA’S DEVELOPMENT

Accra, August 2020: The far-reaching implications of finding commercially viable quantities of oil and gas in deepwater drilling off Ghana was one of several topical issues explored by Kevin Okyere, CEO, Springfield Group, in an in-depth interview he gave recently to Oxford Business Group’s online broadcasting channel, Global Platform. Okyere told OBG that Springfield’s success last year …

Continue reading “NATURAL GAS-SUPPORTING GHANA’S DEVELOPMENT”

Oxford Business Group: Kevin Okyere Interview.

Upstream development and deepwater exploration in Ghana drives sector growth Kevin Okyere, CEO, Springfield Group | | Oxford Business Group 17 August 2020 In this Global Platform video, Kevin Okyere, CEO of Springfield Group, talks about Ghana’s upstream sector and Springfield becoming the first independent African energy company to drill in deepwater. Recent advancements in …

Continue reading “Oxford Business Group: Kevin Okyere Interview.”

Kevin Okyere, CEO, Springfield Group: Interview

In what ways will the latest discoveries in the Deep Water West Cape Three Points block impact the country’s upstream market?

Springfield E&P’S AFINA DISCOVERY RANKED AMONGST TOP TEN IN 2019

Ghanaian Energy Company, Springfield Exploration and Production Limited’s Afina well discovery in November has been named amongst the top ten most significant global hydrocarbon discoveries in 2019.

Ghana firm discovers huge offshore oilfield

A vast oil field has been discovered in Ghana amid hopes that it will begin pumping within three years. Ghanaian billionaire Kevin Okyere of Springfield Energy said the find had proven reserves of 1.5 billion barrels, double its predictions.  There was also gas in the Tano Basin off Ghanaian coast said the company’s founder,  who grew up with …

Continue reading “Ghana firm discovers huge offshore oilfield”

1.5bn barrel oil find hailed as windfall for Ghana

Ghana may be set for a windfall and a boost for vital social projects after a philanthropist’s company discovered a vast oil field apparently worth billions of dollars. Kevin Okyere said that Springfield Energy had found proven reserves of 1.5 billion barrels, double its own predictions, as well as gas in a field in the …

Continue reading “1.5bn barrel oil find hailed as windfall for Ghana”

Springfield E&P makes significant oil discovery Offshore Ghana

Springfield Exploration and Production (SEP) Limited and its Partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, officially announce significant oil discovery following its maiden 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 1030 metres was drilled to a …

Continue reading “Springfield E&P makes significant oil discovery Offshore Ghana”

How Springfield oil discovery will impact Ghana’s output

Independent exploration and production firm, Springfield Group made a deepwater discovery offshore Ghana with proven reserves of about 1.2 billion barrels of oil. Kevin Okyere, Founder and CEO of Springfield Group joins CNBC Africa from Accra for more. https://www.cnbcafrica.com/videos/2019/11/29/how-springfield-oil-discovery-will-impact-ghanas-output/

Springfield E&P Completes Maiden Deepwater Campaign Offshore Ghana

Springfield Exploration and Production (SEP) Limited, announces the completion of its maiden deepwater drilling campaign on the West Cape Three Points Block 2, offshore Ghana. Springfield took possession of the Stena Forth Drill ship and over a period of 64 days, drilled the Afina-1x Well to a total depth of 4082 metres in approximately 1030 …

Continue reading “Springfield E&P Completes Maiden Deepwater Campaign Offshore Ghana”

Independent African energy company finds oil off Ghana coast

Springfield Group set to reveal deepwater discoveries it says will be bigger than Jubilee field Financial Times https://www.ft.com/content/59ef856e-088d-11ea-b2d6-9bf4d1957a67 A Ghanaian company says it has made history by becoming the first independent African energy group to discover oil in deep water after its drilling revealed significant quantities of oil off the coast of Ghana. The Springfield …

Continue reading “Independent African energy company finds oil off Ghana coast”

Ghanaian Energy Company Springfield Group Spuds First Well

Springfield Exploration and Production Limited (SEP), a subsidiary of Springfield Group, one of Ghana’s largest indigenous energy companies, has spudded the first of its new wells off the Ghanaian coast. On Monday, the independent Ghanaian firm spudded its Afina-1x well in the West Cape Three Points Block 2. In the oil and gas industry, Spudding …

Continue reading “Ghanaian Energy Company Springfield Group Spuds First Well”

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

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 CEO, Kevin Okyere receives Business Person of the Year Award

Mr Ernest De-Graft Egyir of the Chief Executives Network Ghana Limited, has lauded the Springfield Exploration and Production Limited and its Chief Executive Officer, Mr. Kevin Okyere for working hard to make a mark in the upstream petroleum industry in the country.

Meet the 29-year-old African lawyer who made history with Ghana’s first wholly owned oil and gas company.

Women’s participation in the workforce is a huge concern for development. The topic ignites passionate conversation during women’s history month each year. In the oil and gas industry, the issue of gender parity is especially acute.

Springfield Group recognized by London Stock Exchange Group

Ghanaian energy giant, Springfield Group’s contribution towards the development of Ghana and Africa’s energy requirements continues to be recognized.

Ashesi, Esoko, Farmerline, Kevin Okyere’s Springfield Group And Others Identified In London Stock Exchange Companies To Inspire Africa 2019 Report

Twenty Ghanaian companies have been tagged by the London Stock Exchange as having the ability to inspire Africa this year.