Mahama Announces Major Offshore Oil And Gas Discovery At Nya Gyidie Well

President John Dramani Mahama has announced a major new offshore hydrocarbon discovery at the Nya Gyidie 9-1X exploratory well in Ghana’s Deepwater Cape Three Points contract area, describing the development as an important milestone for the country’s petroleum industry.

The President made the announcement on Tuesday, November 10, 2026, while addressing the opening of the 2026 Local Content Conference and Exhibition organised by the Petroleum Commission in Takoradi in the Western Region.

The discovery was made by Planet One Oil and Gas Limited in partnership with GOIL Upstream Limited and the Ghana National Petroleum Corporation (GNPC).

According to President Mahama, the discovery represents Ghana’s first successful exploration test of a Cenomanian-Turonian carbonate-clay formation as a primary exploration target. The Albian formation was also investigated as a secondary objective.

He explained that the name Nya Gyidie, which means “Have Faith”, reflects the confidence demonstrated by the companies involved in the project and their belief in Ghana’s petroleum potential.

Mahama congratulated the companies for fulfilling their exploration commitment and expressed optimism that the discovery would encourage further investment in the country’s upstream petroleum sector.

He stressed that the immediate priority was to accelerate responsible exploration and establish the necessary infrastructure to develop Ghana’s petroleum resources sustainably.

The President also emphasised that the benefits of the discovery must extend beyond oil and gas production, insisting that the country’s natural resources should translate into employment opportunities, skills development, technology transfer and improved living conditions for Ghanaians.

The discovery comes as the government intensifies efforts to reverse declining crude oil production and attract fresh investments into the petroleum industry.

Further appraisal work will be necessary to establish the size and commercial potential of the discovery before development decisions can be made.

The announcement has renewed optimism about Ghana’s offshore exploration prospects and the growing participation of indigenous companies in the petroleum industry.

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