President John Dramani Mahama has announced a new offshore oil and gas discovery in Ghana’s Deepwater Cape Three Points block in the Tano Basin, following the drilling of the Nya Gyidie-1X exploration well.
The discovery was made by Planet One Oil and Gas Limited in partnership with GOIL Upstream Limited and the Ghana National Petroleum Corporation (GNPC).
According to President Mahama, the discovery contains natural gas and condensate, although its estimated size and commercial potential are yet to be established.
Speaking at the announcement, the President described the development as an important milestone in Ghana’s petroleum sector, highlighting its significance as the country’s first successful test of a Cenomanian-Turonian carbonate play.
The discovery is expected to provide further insight into the country’s offshore hydrocarbon potential as exploration activities continue.
However, further technical assessments will be required to determine the full extent of the resources and their commercial viability.
