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Springfield Offshore Ghana - West Cape Three Points Block 2


Project Summary


WCTP2 was carved out of the West Cape Three Points block, operated by Kosmos, following the delineation of the Jubilee unitisation area. The block was subsequently awarded to Springfield E&P for a 7 year exploration period from July 2016. WCTP2 is exceptionally well situated between the giant Jubilee and Sankofa fields and is immediately north of Hess' Pecan, Hickory, Almond, Paradise and Beech discoveries. The latter, in fact, extends into the WCTP2 block. The licence consist of two components, an exploration component and an appraisal/development component for the existing discoveries, Odum and Banda. Equity in the existing discoveries is Springfield 82%, GNPC 8%, GNPC Explorco 10%.

The previous operator, Kosmos, drilled four exploration wells in WCTP2. Odum -1 (2008) discovered 18-19 API oil in very high quality Campanian sandstones, the field was successfully appraised by Odum-2 (2009). Recent reinterpretation by Springfield geoscientists has considerably increased the proven reserve. Plans for further appraisal and subsequent development are currently progressing.

Banda-1 (2011) was a multi-target, deviated well which failed to discover hydrocarbons in Campanian or Turonian but did recover 40 API oil from Cenomanian/Albian sandstones. Unfortunately, in response to a significant gas kick in lower Turonian sandstone, deeper sections of the well were drilled substantially overbalanced, leading to severe formation damage and unreliable logs due to barite contamination. An appraisal plan for the Banda area is being developed.

Two other wells, Makore-1 (2011) and Dahoma-1 (2010), found high quality Upper Turonian sandstones, but no hydrocarbons.



Also in 2008, Kosmos acquired a 3-D survey which they merged with their Jubilee 3D (2007) acquisition. The Jubilee-Odum survey covers most of WCTP2 but missed the northern, shallow-water part. This survey has formed the basis for all of Springfield's technical work up to now. In 2017, however, Springfield decided to acquire a completely new, block wide, broadband 3D survey using the latest technology including PGS' state-of-the art Ramform Titan. The data covers the whole block and extends south into the Deep Water Tano / Cape Three Points block to cover Hess' Beech discovery (2012), which straddles the block boundary.

Immediately to the east of WCTP2, Vitol discovered gas with an oil rim in Campanian sandstones (Sankofa 1A, 2009). The Sankofa East 1X well (ENI 2012), confirmed this accumulation and also discovered a significant oil field in Cenomanian sands which was brought on stream in 2017. The Sankofa gas field will commence production in 2018, with gas being piped to a shore facility for domestic use. There are strong indications that both Cenomanian and Campanian reservoirs continue into WCTP2.

Numerous prospects have been identified by Springfield geoscientists in Campanian, Turonian, Cenomanian and Albian reservoirs, indicating substantial reserves of both oil and gas within WCTP2. These will be verified using the new seismic prior to drilling a first exploration well in Q1/2 2019.


Opportunity Highlights

  • 673 sq km block 60 km from shore
  • Flanked by Jubilee, Sankofa and Sankofa East oil and gas fields
  • Significant equity position available
  • New whole block broadband 3D acquired in 2017
  • Developing domestic and regional gas market
  • Water depths from <100m to 1700m
  • Pecan complex to south
  • Full 3D coverage (2007/8)
  • Existing discoveries plus substantial oil and gas prospects

 



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