Springfield Group, the energy conglomerate led by Ghanaian businessman Kevin Okyere, is facing renewed scrutiny over outstanding offshore drilling debts as Stena Drilling Ltd. moves to protect its claims amid talks for a potential state takeover of one of Ghanas most significant deepwater oil assets.
Stena Drilling, a unit of Swedens Stena AB, said it holds two London Court of International Arbitration awards against Springfield E P Ltd. and Springfield Energy Ltd. for unpaid drilling services provided between September and November 2019. The work was carried out using the Stena Forth drilling unit, according to the contractor. Ghanaian courts have since recognized the arbitration awards and granted leave for their enforcement as local judgments.
Ghana considers WCTP2 stake acquisition
