Kevin Okyere

Kevin Okyere is a Ghanaian entrepreneur in the oil industry. He serves as the Founder and Chief Executive Officer of Springfield Energy- a billion-dollar oil company.[1] The company was founded in 2008.[2]

Early life and education

He was born in 1980 to an affluent Ashanti family in Ghana. Okyere completed high school in Ghana and went on to study Accounting at the George Mason University in Virginia in the United States.

Achievements

Kevin's company, Springfield, was given the block, known as West Cape Three Points Block 2, by Ghana’s government in 2016 after it was relinquished by Kosmos.[3] Also, the company is the leader in exporting refined products to land-lock neighbouring countries such as Mali and Burkina Faso and Nigerian crude.[4] In 2019, Springfield Exploration and Production Limited (SEP) became the first indigenous Ghanaian company to drill in deep water. The company secured a contract with Stena Unicon Offshore Services Ghana Ltd, a subsidiary of Stena Drilling, to deploy the Stena Forth Mobile Offshore Drilling Unit (MODU) for exploration in West Cape Three Points Block 2 (WCTP Block 2). At the time, Reuters reported that the Ghanaian government has been experiencing setbacks because of difficulties in offshore development in petroleum and, and that the discovery of around 1.5 billion barrels of offshore oil by Okyere's company was a potential game changer. Five years later, drilling commenced at the Oak-1x well and Afina-1x well, marking a significant milestone in Ghana’s oil and gas industry.

Philanthropy

Okyere is a philanthropist whose foundation, the Kevin Okyere Foundation,[5] works alongside the Springfield Group to support education and healthcare initiatives in Ghana. The foundation works with hospitals to help cover medical expenses for patients unable to afford treatment. It also funds school fees for primary school students and provides scholarships for Ghanaian students to study at universities in North America and Europe.[6]

Awards and Recognition

In 2019, Kevin Okyere received two notable awards for his contributions to the oil and gas industry. He was honored with the Entrepreneurship Award (Impact to Business Award) by Face2Face Africa,[7] a New York-based Pan-African organization, at a ceremony held in the United States on July 20. Earlier that year, he was named Man of the Year – Oil and Gas at the Exclusive Men of the Year (EMY) Africa Awards in Accra, recognizing his role in advancing the upstream sector in Ghana and Africa.[8]

References

  1. ^ Nsehe, Mfonobong. "Meet The 38 Year-Old Entrepreneur Who Built A $1 Billion Oil Company In Ghana". Forbes. Retrieved 2020-02-24.
  2. ^ Nsehe, Mfonobong. "Ghanaian Tycoon Kevin Okyere's Springfield Group Signs Rig Deal, To Commence Drilling Campaign". Forbes. Retrieved 2020-02-24.
  3. ^ "Springfield Group to position Ghana as major oil country after discovering 1.5bn barrels of oil". Face2Face Africa. 2019-12-12. Retrieved 2020-02-24.
  4. ^ "Springfield Group". London Stock Exchange Group. Retrieved 2020-02-24.
  5. ^ "Kevin Okyere". African Coalition Fo. Retrieved 2025-04-01.
  6. ^ "Exclusive interview with Kevin Okyere, CEO, Springfield". www.modernghana.com. Retrieved 2025-04-01.
  7. ^ "Springfield CEO Kevin Okyere bags double awards; calls youth to be inspired". Springfield Group. 2019-07-28. Retrieved 2025-04-01.
  8. ^ "2019 EMY Africa Awards: Full list of Winners". www.myjoyonline.com. Retrieved 2020-02-24.
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