President Mahama Announces New Offshore Oil and Gas Discovery in Ghana

President John Dramani Mahama has announced a new offshore oil and gas discovery in Ghana, following successful exploration at the Nya Gyidie 9-1X well in the Deepwater Cape Three Points contract area.


The President made the announcement during his opening remarks at the 2026 Local Content Conference in Takoradi.


The exploration was undertaken by Planet One Oil and Gas Ltd., in partnership with Goil Upstream Ltd. and the Ghana National Petroleum Corporation (GNPC). President Mahama described the discovery as a significant milestone for Ghana's petroleum sector, noting that it marks the country's first successful test of a Cenomanian-Turonian Carbonate-Clay play, opening up new possibilities for further offshore exploration.


He said the discovery reflects growing investor confidence in Ghana's petroleum sector and the impact of reforms aimed at attracting investment while strengthening local participation.


According to the President, the next priority is to accelerate responsible exploration and develop the necessary infrastructure to ensure the country's petroleum resources translate into jobs, business opportunities and improved livelihoods for Ghanaians.


He also commended the consortium for its commitment to the exploration project, noting that the name Nya Gyidie, meaning faith in Twi, reflects the confidence and determination behind the discovery.

President Mahama stressed the need for Ghana to continue creating opportunities for local businesses and workers to play a greater role in the oil and gas industry.

The discovery is expected to add to Ghana's offshore exploration prospects as the country continues efforts to sustain investment and strengthen its petroleum industry.