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Home » Gov’t declares Eban-Akoma discoveries within Cape Three Points commercially viable for development

Gov’t declares Eban-Akoma discoveries within Cape Three Points commercially viable for development

johnmahamaBy johnmahamaJuly 5, 2025 Economic No Comments2 Mins Read
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Ghana has officially taken a bold step forward in its upstream petroleum industry with the Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries located within the Cape Three Points Block 4 (CTP-B4).

The announcement, made by the Ministry of Energy and Green Transition, marks a pivotal moment in the country’s efforts to strengthen its energy independence and industrial transformation.

The DoC, formally submitted on July 3, 2025, comes after the successful conclusion of a rigorous appraisal programme that confirmed substantial recoverable hydrocarbon reserves in the Eban-1X (oil) and Akoma-1X (gas and condensate) wells.

The declaration was submitted by a consortium comprising Eni Ghana Exploration & Production Ltd, Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC Exploration & Production Company Ltd (Explorco)—all in collaboration with the Ghana National Petroleum Corporation (GNPC).

Describing the development as a game-changer, Minister for Energy and Green Transition, John Abdulai Jinapor, welcomed the news as a landmark achievement in the country’s energy journey.

“The Declaration of Commerciality for the Eban-Akoma discoveries is a major boost to our oil and gas sector. It highlights the immense potential of our offshore resources to fuel economic transformation, enhance energy security, and drive Ghana’s industrialisation agenda. We commend the JV Partners and GNPC for their dedication to this strategic national asset,” he stated.

Following the declaration, attention now turns to the preparation of a full Plan of Development (PoD)—a critical next phase that will outline how the resources will be optimally developed, ensuring high recovery and value generation. The plan will strongly emphasise local content development, creating jobs and capacity for Ghanaian industries and professionals in line with national energy policy.

The Ministry of Energy, in partnership with the Petroleum Commission and GNPC, will provide the necessary regulatory guidance to ensure that the development is not only technically and commercially sound, but also in sync with Ghana’s strategic long-term energy interests.

Additional technical and commercial assessments will shape the final development approach, ensuring both investor confidence and maximum national benefit.

In a statement, the Ministry reaffirmed that this milestone is yet another demonstration of the government’s unwavering resolve to build “a transparent, investor-friendly, and resilient energy sector that delivers long-term value to Ghanaians.”

The Eban-Akoma discoveries add to Ghana’s growing portfolio of offshore energy assets, reinforcing the country’s position as a leading player in West Africa’s oil and gas landscape.



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