The Minister for Energy and Green Transition, John Jinapor, says government support for any potential state-led takeover of Springfield Exploration and Production Limited’s stake in the West Cape Three Points Block 2 (WCTP2) will depend entirely on an independent assessment of the asset’s commercial value.
The Minister emphasised that Springfield is a wholly Ghanaian company that has made significant investments in its operations but now requires additional backing as it seeks to advance the field.
“Springfield is a Ghanaian company. They’ve invested so much,” he said on the Super Morning Show.
“Where they have gotten to, they think they will need some support. As minister, what I will do is that I want an independent, fair valuation of that field.”
According to Jinapor, any government intervention must be grounded in accurate and transparent data to ensure the state commits resources only where the prospects are justified.
“If it proves that the field holds huge potential, we would engage Springfield and give them whatever support is required,” he added.
The Minister stressed that the government’s approach will remain guided by due process and technical evidence, particularly as the energy sector undergoes restructuring under the green transition agenda.
