Ghana has taken a major step towards energy independence with the official Declaration of Commerciality (DoC) for new oil and gas finds at Cape Three Points.

The Ministry of Energy and Green Transition confirmed that the Eban-Akoma discoveries in Cape Three Points Block 4 (CTP-B4) have been declared commercially viable, signaling a key advancement in the country’s upstream petroleum sector.

The declaration was submitted by a joint venture made up of Eni Ghana Exploration & Production Ltd, Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC Exploration & Production Company Ltd (Explorco), working in collaboration with the Ghana National Petroleum Corporation (GNPC).

Don’t Miss This:
Ghana’s Upper West Region Sees Major Gold Mine Project Move Into Development

John Abdulai Jinapor, Minister for Energy and Green Transition, described the development as “a major boost to our oil and gas sector,” emphasizing that it reflects ongoing efforts to tap into Ghana’s hydrocarbon resources in a responsible way.

“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 said.

With the declaration in place, the joint venture partners are now expected to prepare a Plan of Development (PoD).

This plan will focus on maximizing resource recovery and delivering strong value for the country, with a clear emphasis on local participation in line with national energy goals.

According to the Ministry, both the Petroleum Commission and GNPC will provide regulatory oversight and technical support to ensure the development process aligns with Ghana’s economic objectives.

The government noted that this milestone is part of its broader commitment to building a transparent, investor-friendly, and resilient energy sector.

The upcoming technical and commercial evaluations will help shape a development approach that delivers both economic value and inclusive national benefits.

Don’t Miss This:
Ghana’s Gold Reserves Reach 32.99 Tonnes by June 2025, Up 8.05% Since January

Image Credit: CediRates