The Government of Ghana’s intention to take over Springfield Exploration & Production’s interest in the West Cape Three Points Block 2 (WCTP2) has reopened important conversations about the country’s upstream future.
With national crude production declining and deep-water resources carrying significant untapped potential, the move signals a deliberate attempt to prevent valuable assets from remaining idle due to prolonged commercial or operational delays. WCTP2, one of the country’s promising blocks, is too critical to be left undeveloped.
Springfield, as a pioneering Ghanaian-owned operator, deserves recognition for achieving a major deep-water discovery at Afina. This milestone demonstrated the capability and ambition of local firms.
However, the path from discovery to full commercial development, particularly in deep water, requires large capital inflows, strong technical and managerial systems, sophisticated project governance, and resilience in navigating global upstream complexities.
The government’s decision to appoint independent technical and transactional advisors—tasked with auditing historical costs, assessing value, and recommending a clear development strategy—is therefore a responsible step toward transparency and risk management.
As Ghana considers the next phase, several best practices should guide the process. These include designing a structured transition or handover plan with measurable milestones, embedding capacity-building requirements to enhance Ghanaian technical participation, and encouraging partnerships with experienced deep-water operators to accelerate development while facilitating technology transfer.
Transparent reporting, active cost control, and disciplined project oversight will be essential to maintaining stakeholder confidence and preserving long-term national value.
To CEOs and Energy Sector Leaders:
Hello CEOs, this Government–Springfield takeover is a critical business case for discussion one of these days after work: the lessons, learnings, capacity of Ghanaian companies, readiness, funding, and all relevant pointers.
Key questions worth examining include:
• Can Ghanaian upstream companies scale effectively to deep-water production demands?
• What financial and partnership models can balance local participation with operational excellence?
• How can operator transitions be structured to minimise delays while maximising national value?
Written by Ernest De-Graft Egyir, Founding CEO, Chief Executives (CEO) Network Ghana
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