Ghanaian President John Dramani Mahama has announced the discovery of new deepwater gas and hydrocarbon condensate deposits off Ghana's western coast, a step he described as an important milestone in the development of the country's oil and gas sector.
Mahama said the discovery was made in the "Nya Gyidie-1X" exploration well, located in the "Deepwater Cape Three Points" offshore block in the Tano basin, following drilling carried out by "Planet One Oil and Gas" in partnership with "GOIL Upstream" and the Ghana National Petroleum Corporation.
The announcement was made at the opening of the 2026 Oil and Gas Local Content Conference and Exhibition, organised by Ghana's Petroleum Commission in the city of Takoradi.
The Ghanaian authorities have not yet announced the total size of the discovery or the recoverable reserves, while appraisal work continues to determine the scale of the resources and their potential for commercial development.
The discovery comes as Ghana seeks to boost its hydrocarbon reserves and attract new investment into exploration and production, after a decline in its oil output in recent years.
