Ghana edges towards energy independence with new oil and gas find at Cape Three Points

The declaration was submitted by a joint venture comprising Eni Ghana Exploration & Production Ltd, Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC Exploration & Production Company Ltd (Explorco), in collaboration with the Ghana National Petroleum Corporation (GNPC).

In a statement, the Minister for Energy and Green Transition, John Abdulai Jinapor, described the move as a “major boost to our oil and gas sector,” noting it reflects the government’s sustained efforts to responsibly harness the country’s hydrocarbon resources.

“The Declaration of Commerciality for the Eban-Akoma discoveries is a major boost to our oil and gas sector. It highlights the immense potential of our offshore resources to fuel economic transformation, enhance energy security, and drive Ghana’s industrialisation agenda. We commend the JV Partners and GNPC for their dedication to this strategic national asset,” the Minister stated.

Following the declaration, the joint venture partners are expected to prepare a detailed Plan of Development (PoD). This plan will aim to optimise resource recovery while ensuring maximum value for the country, with strong emphasis on local content participation in line with national energy policy.

The Ministry has indicated that the Petroleum Commission and GNPC will collaborate to offer regulatory oversight and support throughout the development process to ensure alignment with Ghana’s economic priorities.

The Ministry of Energy and Green Transition noted that this milestone underscores the government’s commitment to fostering a transparent, investor-friendly, and resilient energy sector. The forthcoming technical and commercial assessments will contribute to shaping a development framework that is both economically beneficial and nationally inclusive.