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Thursday, February 6, 2025

Indigenous operators key to energy sector growth

Edward Bawa encouraged Springfield to prioritize first gas production Edward Bawa encouraged Springfield to prioritize first gas production

The Ghana National Petroleum Corporation (GNPC) has reaffirmed its commitment to fostering indigenous participation in the country’s upstream petroleum sector.

This comes after Springfield’s Chief Executive Officer, Kevin Okyere, led the delegation on a visit to congratulate and engage with GNPC’s new Chief Executive Officer, Edward Abambire Bawa.

The discussions centered on Springfield’s ongoing operations, the broader landscape of Ghana’s petroleum industry, and strategies to maximize the country’s hydrocarbon resources amid ongoing gas supply challenges.

The GNPC CEO Edward Bawa recognized Springfield’s pioneering role as an indigenous operator, emphasising the importance of local participation in retaining value, attracting investment, and creating employment within the sector.

He reiterated GNPC’s dedication to strengthening collaboration with key players to drive Ghana’s energy security and economic development.

“Springfield has demonstrated the potential of indigenous operators in the upstream petroleum industry. Their success is key to inspiring further investment and growth in the sector,” the GNPC CEO stated.

“As Ghana seeks to optimize its petroleum resources, GNPC remains open to engagements that align with our mandate to enhance national energy security and economic growth,” he added.

On the critical issue of Ghana’s gas supply deficit, both parties acknowledged the strategic role of natural gas in the country’s energy transition and economic advancement.

Kevin Okyere on his part assured GNPC of Springfield’s commitment to working closely with the Corporation to ensure the successful exploitation of Ghana’s hydrocarbon resources.

“The GNPC has been very supportive of Springfield from its inception. Together, we can collaborate further to realize Ghana’s dream of becoming energy self-sufficient,” Okyere added.

In his concluding remarks, Edward Bawa encouraged Springfield to prioritize first gas production, as this would significantly advance Ghana’s petrochemical industry and value addition initiatives.

“When others see your success, they will be attracted to the upstream industry. Anytime you need GNPC’s support, we’ll be there to assist you,” he assured.

The meeting underscored GNPC’s ongoing commitment to strategic partnerships that enhance national energy security and deliver long-term benefits to the Ghanaian economy.

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