Mahama Announces New Offshore Oil Discovery in Ghana’s Deepwater Cape Three Points.

President John Dramani Mahama has announced a new hydrocarbon discovery in Ghana’s offshore petroleum sector, describing it as a major milestone in the country’s efforts to expand oil and gas exploration.

The discovery was made by Planet One Oil and Gas Limited through the Nya-Gyidie-1X exploration well in the Deepwater Cape Three Points contract area.

Speaking at the opening of the Petroleum Commission’s 2026 Local Content Conference and Exhibition in Takoradi, President Mahama said the discovery marked Ghana’s first successful test of a Cenomanian-Turonian carbonate play.

He explained that the well also targeted the Albian formation as a secondary exploration objective, adding that the successful drilling fulfilled an important exploration commitment and demonstrated investor confidence in Ghana’s petroleum sector.

President Mahama said the discovery, named Nya-Gyidie, meaning hope in Ghana, represented renewed optimism for the country’s petroleum industry.

Story by Nana Fynn@W/R.