The Afina Oil discovery made by Ghanaian Energy Company, Springfield Exploration and Production Limited in November last year has been ranked among the global top 10 discoveries of the year.
It is one of the most significant global hydrocarbon discoveries in 2019, UK-based IHS Markit has revealed.
The organisation with recognised data scientists and analysts labelled Springfield as one of five global oil companies that made discoveries in Deepwater.
It is also the only indigenous oil company on the African continent to undertake that venture.
The Afina-1 well was discovered in West Cape Three Points Block 2 in November 2019.
It is estimated to hold over 1.5 billion barrels of oil reserves.
There were other discoveries in Africa, including BP’s Orca-1 in Mauritania.
The other major discoveries across the world were made by Exxon Mobil in Cyprus and Guyana, Repsol in Indonesia, Petrochina Tarim in China and CNOOCI in the United Kingdom and PTTEP in Malaysia and Iranian Central Oil in Iran.
Taking to LinkedIn, Springfield Chief Executive Officer, Kevin Okyere, expressed optimism about the future of the company.
“While celebrating the past, we look forward to even greater achievements, knowing what lies ahead,” he wrote.