The oil sector in Ghana has been a focal point of controversy and debate for several years, especially with the emergence of Springfield Exploration and Production Limited (SGL) and its ambitious claims regarding its oil discovery.
For the past five years, the company has generated significant attention by announcing potentially vast oil reserves, initially estimating around 1.5 billion barrels of oil.
This figure was widely publicised and became a cornerstone of the company's public narrative.
However, key industry analysts and experts, including those from major firms like Wood Mackenzie and IHS Markit, have cast serious doubts on the commercial viability of the reserves.