President John Dramani Mahama has announced a new offshore oil and gas discovery by Planet One Oil and Gas Ltd. and its partners, describing the development as a significant milestone for Ghana’s petroleum sector.
In a post on his official Facebook page, President Mahama disclosed that Planet One Oil and Gas Ltd., together with GOIL Upstream Ltd. and the Ghana National Petroleum Corporation (GNPC), had made a hydrocarbon discovery at the Nya Gyidie 9-1X well located in the Deepwater Cape Three Points contract area.
According to the President, the discovery represents an important achievement for the country’s upstream petroleum industry and marks Ghana’s first successful test of a Cenomanian-Turonian Carbonate-Clay formation as a primary exploration target.
He noted that the find demonstrates the continuing potential of Ghana’s offshore sedimentary basins and could contribute to efforts aimed at expanding the country’s hydrocarbon resource base.
The President expressed optimism that the discovery would encourage further exploration activities and enhance investor confidence in Ghana’s oil and gas sector.
Industry observers say the successful drilling campaign highlights the growing role of indigenous and international partnerships in unlocking new hydrocarbon prospects and sustaining investment in energy exploration.
The Deepwater Cape Three Points block is one of Ghana’s strategic offshore petroleum areas and has remained a focus of exploration activities due to its geological potential.
Further technical assessments are expected to determine the commercial viability and estimated reserves associated with the discovery, which could have significant implications for future oil and gas production in the country.
The announcement comes as Ghana continues to pursue policies aimed at maximizing the benefits of its natural resources while attracting investment into the energy sector.