We support conservation initiatives, participate in disaster relief efforts and carry out environmental awareness and clean-up projects, particularly focusing on marine areas. To increase the impact of our social investment policy we seek to form partnerships with stakeholders, NGOs, Local communities, governments, other businesses and individuals. All our social investments and our Community Development Fund are administered and regulated in accordance with our compliance policies to ensure good governance, credibility and trust.
Social Investment Policy (SIP)
Our social investment policy is predicated on the belief that natural resources are for the collective benefit of the citizenry and that the communities in which we operate must enjoy positive impacts from our operations. Our approach is to integrate the achievement of our Sustainable Development Goals (SDGs) focus into our operations with the explicit aim of ensuring better living standards for all people. We focus on the following SDGs: affordable and clean energy, ending poverty, good health and wellbeing, quality education, gender equality, life below water, decent work and economic growth; and building partnerships to achieve the goals.
Education is the cornerstone of sustainable development and is the key to ending poverty and gender inequality. We seek to support the education of all, with special focus on the female child from the basic to tertiary levels. Our aim is to provide people with the skills that fuel creativity and innovation and enable them to be inquisitive and curious in their thirst for knowledge. We have established scholarship schemes for deserving candidates and underprivileged children in various communities across Ghana. We aim to support educational institutions at all levels through the provision of infrastructure, books, computers, equipment or endowments.
Good healthcare improves the quality of life and fuels social innovation. We offer support in the provision of health care to individuals who cannot afford healthcare at hospitals. In doing so, we have partnered with the Korle-Bu Teaching Hospital - specifically the children’s ward and the Cardiothoracic Centre - and 37 Military Hospital in Accra. We also pay for the supply of emergency medication stocks for the intensive care units.
We provide support to projects that create jobs and build self-sustainability, including skills acquisition programs that empower local economies. We support entrepreneurial and leadership programs with a special focus on women - as the saying goes, if “you feed a woman, you feed a family”.
In addition to social investments, Springfield’s operations and unique position as a Ghanaian-owned independent entity helps create opportunities for local capacity development through employment, knowledge transfer schemes and procurement principles that emphasize local content. Our aim is to drive long lasting, self-sufficient, sustainable developments that eliminate the culture of dependency in local communities.
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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. …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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.