Historic deepwater discovery offshore Ghana
The deepwater oil discovery offshore Ghana by independent Springfield Group marks a milestone as the first deepwater oil discovery to be made by an African oil company. Not only that, estimated to hold as much as 1.2bn barrels of oil, with up to 35% recoverable according to Springfield., it could be bigger than Ghana’s Jubilee field, which is currently the biggest oil field in the country.
Equally important, commercially viable quantities of gas were also discovered.
Ghana is sub-Saharan Africa’s fourth-biggest oil producer, with current production averaging about 195,000 b/d.
Since the discovery of the Jubilee oil field by Kosmos Energy in 2007, Ghana has brought three offshore projects onstream, resolved its maritime border dispute with Côte d’Ivoire and positioned itself as a key hydrocarbons province in the Gulf of Guinea, according to the African Energy Chamber. Oil is now being produced from Kosmos Energy’s Jubilee field, Tullow Oil’s Twenneboa, Enyenra and Ntomme fields, and Eni’s Offshore Cape Three Points integrated oil and gas development project. Production is expected to reach 250,000 b/d next year, and most optimistic expectations put output at 500,000 b/d by 2025.
Photo: African Energy Chamber