Mahama Announces New Offshore Oil Discovery in Ghana’s Deepwater Cape Three Points
|
Getting your Trinity Audio player ready...
|
By Samuel Asamoah
President John Dramani Mahama has announced a new hydrocarbon discovery in Ghana’s offshore petroleum sector, describing it as a significant development in the country’s efforts to expand exploration and strengthen its oil and gas industry.
The discovery, made by Planet One Oil and Gas Limited through the Nya-Gyidie-1X exploration well in the Deepwater Cape Three Points contract area, marks a new milestone in Ghana’s petroleum exploration activities.
President Mahama made the announcement at the opening of the Petroleum Commission’s 2026 Local Content Conference and Exhibition in Takoradi.
He said the discovery represents Ghana’s first successful test of a Cenomanian-Turonian carbonate play, describing it as an important breakthrough in the country’s exploration drive.
According to the President, the Nya-Gyidie-1X well also targeted the Albian formation as a secondary exploration objective.
He noted that the successful drilling fulfilled a key exploration commitment and demonstrated continued investor confidence in Ghana’s petroleum sector.
President Mahama said the discovery, named Nya-Gyidie, meaning hope in Ghana, symbolises renewed optimism for the country’s oil and gas industry.
The announcement is expected to generate renewed interest in Ghana’s offshore petroleum prospects as the country seeks to expand its hydrocarbon resource base and sustain investment in the upstream petroleum sector.
