President John Dramani Mahama has announced a significant hydrocarbon discovery in Ghana’s offshore petroleum sector, hailing the breakthrough as a vital milestone in the nation’s ongoing efforts to boost oil and gas exploration.
The major discovery was made by Planet One Oil and Gas Limited through the successful drilling of the Nya-Gyidie-1X exploration well, located within the Deepwater Cape Three Points contract area.
Addressing delegates at the opening of the Petroleum Commission’s 2026 Local Content Conference and Exhibition in Takoradi, President Mahama revealed that the find marked the country’s first successful test of a Cenomanian-Turonian carbonate play.
He detailed that the exploration well also targeted the Albian formation as a secondary objective, emphasizing that the successful operation fulfilled a critical exploration commitment while reaffirming international investor confidence in the Ghanaian petroleum industry.
Highlighting the symbolic weight of the find, the President noted that the discovery, christened Nya-Gyidie, which translates to hope, signals a era of renewed optimism and economic growth for the country’s energy sector.
By: Rainbowradioonline.com/Ghana