[ad_1]
Springifeld workers on an offshore platform (File Photo: Springfield)
Ghana imposed terms and conditions for Italian main ENI and Ghanaian operator Springfield E&P to combine their adjacent oil and gas fields after the parties failed to reach an agreement, according to a letter from the Energy Ministry.
The Oct. 14 letter from the Oil Ministry, which Reuters had access to on Thursday, said the decision was made to ensure optimal exploitation of the Afina and Sankofa fields.
Ghana ordered Eni and Springfield to start talks to combine its adjacent oil and gas fields in April and he gave them until September 18 to reach an agreement.
He said seismic data had indicated that Eni’s Sankofa offshore field, which entered production in 2017, and that Afina, recently discovered in Springfield, had identical reservoir and fluid properties.
“Unfortunately, it has become obvious that the parties do not intend to comply with the directives of the energy ministry,” said the letter signed by Minister John Peter Amewu.
Sankofa is part of Eni’s Cape Three Points Offshore project off the Atlantic coast of Ghana, which it says has reserves of around 40 billion cubic meters of gas and 500 million barrels of oil.
An ENI spokesperson said the company was in contact with all stakeholders, including the relevant ministry, to define a way forward and assess any case of a possible oil field merger.
Springfield, a wholly owned Ghanaian company, It said in December that it had discovered 1.5 billion barrels of oil and 0.7 trillion cubic feet of gas in its Afina field.
“We look forward to working with ENI as the unified field operator to maximize production and economic benefits for all stakeholders,” said a Springfield spokesperson.
(Written by Bate Felix; Edited by Elaine Hardcastle)
