Saturday, July 26, 2025
NewsCenta
  • Home
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
  • Home
  • News
    • Politics
    • Local
    • Education
    • Agriculture
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Business
  • Sports
  • Tech
  • Opinion
No Result
View All Result
NewsCenta
No Result
View All Result

Eban-Akoma oil and gas finds declared commercially viable

Eban-Akoma oil and gas discovery in Ghana deemed commercially viable

NewsCenta by NewsCenta
July 5, 2025
in Local, Main, News
0
Eban-Akoma oil
Share on FacebookShare on Twitter

The Ministry of Energy and Green Transition has officially declared the Eban-Akoma hydrocarbon discoveries in the Cape Three Points Block 4 (CTP-B4) as commercially viable, marking a significant step toward expanded oil and gas production in Ghana.

The Declaration of Commerciality, submitted on July 3, 2025, came from a Joint Venture (JV) consortium led by Eni Ghana Exploration & Production Ltd, in partnership with Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC’s Exploration & Production Company Ltd (Explorco).

You might also like

Black Queens penalty

Black Queens claim Bronze medal in dramatic penalty shootout

July 26, 2025
Sabon Zongo Asawase

Another man killed in broad daylight at Sabon Zongo in Asawase

July 26, 2025

The move follows an extensive appraisal programme that confirmed the economic potential of the Eban-1X (oil) and Akoma-1X (gas and condensate) wells.

Energy and Green Transition Minister John Abdulai Jinapor described the development as a pivotal moment for Ghana’s energy sector.

“It highlights the immense potential of our offshore resources to fuel economic transformation, enhance energy security, and drive Ghana’s industrialisation agenda,” he said in a statement.

With the declaration complete, the JV partners are now expected to submit a detailed Plan of Development (PoD).

The plan will outline strategies to maximise hydrocarbon recovery, ensure optimal value for the country, and increase the participation of Ghanaian companies and professionals in line with local content policy.

The Ministry, alongside the Petroleum Commission and GNPC, has committed to providing technical oversight and policy support throughout the project’s execution.

Officials say this will ensure the Eban-Akoma development aligns with Ghana’s long-term energy strategy and national development goals.

The commercial viability of these new discoveries is seen as a major vote of confidence in Ghana’s upstream petroleum sector, and a sign that the country remains an attractive destination for responsible energy investment.

It also reinforces the government’s broader ambition to create a resilient, transparent, and sustainable energy ecosystem that delivers lasting benefits to the Ghanaian people.

Post Views: 145
Tags: Eban-Akoma oilJohn Abdulai Jinapor
NewsCenta

NewsCenta

Related Stories

Black Queens penalty

Black Queens claim Bronze medal in dramatic penalty shootout

by Kojo Emmanuel
July 26, 2025
0

The Black Queens triumphed over South Africa in a penalty shootout to secure third place at the 2024 TotalEnergies Women's...

Sabon Zongo Asawase

Another man killed in broad daylight at Sabon Zongo in Asawase

by NewsCenta
July 26, 2025
0

Another man has been shot dead in broad daylight at Sabon Zongo in Kumasi’s Asawase constituency, marking the second fatal...

SEC scams

Ghana’s SEC alerts public to rise in AI-driven investment scams

by Kojo Emmanuel
July 26, 2025
0

The Securities and Exchange Commission (SEC) has issued a strong warning to the public to remain vigilant and avoid falling...

Marriage expensive Stonebwoy

Marriage is expensive — Stonebwoy

by Kojo Emmanuel
July 26, 2025
0

In Ghana, marriage is more than just a union between two people — it’s a deeply rooted cultural ceremony, a...

Recommended

Teaching kids

Teaching kids to write builds a thinking nation

July 26, 2025
Growing security crisis

Ghana’s growing security crisis: A wake-up call

July 26, 2025
Black Queens penalty

Black Queens claim Bronze medal in dramatic penalty shootout

July 26, 2025

Popular Story

  • Causes death men

    10 of top 11 causes of death killing more men in Ghana

    695 shares
    Share 278 Tweet 174
  • Bissue floors High Court and OSP at Supreme Court

    688 shares
    Share 275 Tweet 172
  • Monday, May 26, 2025 Newspaper Headlines

    668 shares
    Share 267 Tweet 167
  • Tuesday, June 10, 2025 Newspaper Headlines

    658 shares
    Share 263 Tweet 165
  • Mahama govt to complete National Cathedral

    651 shares
    Share 260 Tweet 163
NewsCenta

Newscenta is a Ghana-based news organisation publishing in print (The Newscenta Newspaper) and on a digital media platform (newscenta.com) dedicated to delivering timely and impactful news across various sectors, including politics, business, economy, technology, and culture.

  • About Us
  • Contact Us
  • Health
  • Education
  • Mining
  • Energy
  • Telecoms
  • Agriculture
  • Trade
  • Opinion
  • Videos

© 2025 All Rights Reserved NewsCenta.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Music
  • Lifestyle
  • Newspaper Headlines
  • Business
  • Agriculture
  • Education
  • Sports
  • Tech
  • Opinion

© 2025 All Rights Reserved NewsCenta.

Connect with us