Speaking in Takoradi at the opening of the 2026 Petroleum Commission Local Content Conference and Exhibition, President John Dramani Mahama officially announced a major new offshore gas and condensate discovery in the Tano Basin.
The historic offshore discovery was successfully drilled at the Nya Gyidie-1X well (also identified as the Nya Gyedie 91X well) by Planet One Oil & Gas Limited in direct partnership with GOIL Upstream Limited and the Ghana National Petroleum Corporation (GNPC).
Beyond expanding Ghana’s hydrocarbon reserves, the discovery marks the country's very first successful exploration test of a Cenomanian-Turonian carbonate play as a primary target.
Announcing the achievement to traditional leaders and industry executives, President Mahama stated,
Nananom and distinguished guests, I am pleased to announce that Planet One Oil and Gas Limited, together with its partners, Goil Upstream Limited and the Ghana National Petroleum Corporation, has made a new offshore discovery. The hydrocarbon discovery at the Nya Gyedie 91X Well in the deep-water Cape Three 3 Points contract area marks an important milestone for Ghana. It is the country's first successful test of a Cenomanian-Turonian carbonate plate.
This discovery arrives at a critical juncture as the Ghanaian government actively pursues strategic reforms to stimulate foreign direct investment and resolve outstanding operator disputes across the petroleum sector.
Currently, Ghana ranks as the 8th largest crude oil producer in Africa, generating approximately 176,000 barrels per day largely from its major offshore fields, with domestic crude output recently climbing past 120,000 barrels per day.
To maintain this upward momentum, Jubilee field partners have pledged US$2 billion toward new capital investments, while legislative amendments to the Petroleum Exploration and Production Act have been submitted to Cabinet to deliver competitive incentives for global oil majors.
Underscoring the national priority for local participation, President Mahama asserted,
Our goal is to turn those resources into jobs and opportunities for millions, and to deliver a tangible improvement in the lives of our people. By ensuring local businesses and workforce members play an active role alongside international partners, Ghana aims to maximize domestic value creation from its expanding Tano Basin reserves.
The Nya Gyidie-1X discovery in the Tano Basin represents far more than a geological triumph; it is a catalyst for economic growth, industrial expansion, and job creation across Ghana.
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As government incentives and upstream partnerships continue to attract substantial capital into the energy sector, Ghana is firmly positioning itself for sustained prosperity and local capacity building.
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