Springfield Committed To Unitisation

Springfield Exploration and Production Limited says its attention has been drawn to various print and electronic media publications on the topic of the unitisation of the Afina and Sankofa fields, with statements attributed to Eni Ghana Exploration and Production Limited as well as to ACEP, PIAC and IES.

It said the publications contained some inaccuracies and innuendos, which have made it imperative for Springfield to react to clarify the position and give the public a fair and accurate perspective.

“Springfield wishes to state that it has been and will remain a willing, cooperative party to the unitisation of the Afina-Sankofa fields. Springfield has taken the necessary steps to actualise the said directive and has consistently pushed for an early resolution of all the challenges to executing the directive.

“Indeed, from April 2020 when the directive was issued, talks have been ongoing amongst various government institutions on one hand and Springfield, with Eni being the only uncooperative party,” it said.

Reacting to a publication which said that “….unitisation needs to follow an appropriate, shared work programme and evaluation process to assess the elements before taking decisions”, the company said that was erroneous as it was not the position of the law.





It also referred to certain publications which indicated that “…the unitisation process for Afina and Sankofa field would entail an appraisal programme of the Afina area including (but not limited to) production and interference tests”, and referred to that as inaccurate.

On publications on Costs and Liabilities, it said there had been a misrepresentation of the process, adding that past production from the unitised field must also be re-allocated to the parties in accordance with their respective interests in the unitised field.

“Springfield as the only independent wholly-Ghanaian company to operate a deepwater asset, is in a unique position to encourage participation of other independent Ghanaian and African companies in Ghana’s upstream sector.

“Thus, Springfield is committed to a resolution to the matter at hand that would ultimately provide maximum benefits for all involved, especially the people of Ghana.In this regard, Springfield welcomes ENI’s statement that it is not opposed to the unitisation of the Afina-Sankofa fields as directed by the Government of Ghana. Accordingly, we hope that ENI translates its statements into action by coming to the table for productive discussions to enable the parties complete the unitisation process,”it concluded.

Source:dailyguidenetwork.com