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).
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.
