- Sector: Industry
- Country of operations: Ghana
Springfield Group is at the forefront of the oil industry in Ghana, with activities that span the exploration and production of oil and gas, as well as the transportation, storage and trading of hydrocarbons.
“We operate across the entire chain of the oil and gas industry,” says CEO Kevin Okyere. “As economic conditions have developed, we have diversified our operations and learnt to evolve in order to keep pace with the conditions. You could say we have grown the business by diversifying, shifting our focus and tightening operations where necessary to ensure that we remain sustainable.”
Among other things, the company has a majority stake in the offshore West Cape Three Points Block 2, where it is currently undertaking exploration and appraisal activity. It has completed a 3D seismic survey campaign over the area.
“We are the first wholly independent Ghanaian-owned entity to own and operate a deep-water oil asset,” says Kevin. “This is no small feat.”
The company acquired its licence for the area from the government of Ghana in 2016. at a time of relatively low oil prices – fortunate timing that has helped Springfield Group’s costs. It says it plans to develop the field through a joint operatorship and partnership that will boost its financial and technical capacity.
The company already has an international presence, being one of the leading exporters of refined products to neighbouring land-locked countries such as Mali and Burkina Faso, and as an exporter of Nigerian crude.
Looking forward, it is aiming to build on its experience in Ghana to compete for other licensing areas in the wider region. “We aim to expand our operations along the Gulf of Guinea by acquiring other oil and gas assets in West Africa and beyond,” says Kevin.