Ghana Advances in Energy Sector with Commercial Declaration for Eban-Akoma Oil & Gas Discoveries
New Oil and Gas Reserves Set to Propel Ghana's Economic Growth and Energy Security
Edem Latsu Nukafu 
The Ministry of Energy and Green Transition has announced a significant step forward for Ghana's upstream petroleum sector with the official Declaration of Commerciality for the Eban-Akoma discoveries within the Cape Three Points Block 4 (CTP-B4). This marks a major milestone in the nation's energy landscape, positioning Ghana for increased energy security, industrial growth, and enhanced economic prospects.
■ A Joint Venture with Strategic Partners
The declaration, submitted on July 3, 2025, was made by a consortium of Joint Venture (JV) Partners, which includes Eni Ghana Exploration & Production Ltd, Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC Exploration & Production Company Ltd (Explorco), in collaboration with the Ghana National Petroleum Corporation (GNPC). This joint effort is the result of a successful appraisal program that confirmed the commercial viability of the Eban-1X (oil) and Akoma-1X (gas and condensate) wells.
■ Energy Minister Highlights Strategic Importance
John Abdulai Jinapor, Ghana's Minister for Energy and Green Transition, hailed the declaration as a landmark development that underscores the government's commitment to the sustainable and strategic use of the country's hydrocarbon resources. “This declaration is pivotal in advancing our national agenda for energy security and economic transformation,” Jinapor stated. “It affirms our vision to leverage our offshore resources for industrialisation and economic growth, which will ultimately benefit the entire nation.”
■ Preparing for the Next Step: Plan of Development
With this milestone reached, the JV Partners are now tasked with preparing a comprehensive Plan of Development (PoD) that will ensure optimal resource recovery, value maximization, and the integration of local content in accordance with national policy objectives. This strategic planning phase will focus on the most efficient ways to exploit the discovered oil and gas resources, ensuring both sustainability and long-term benefits for the country.
■ Commitment to Sustainable Development and Oversight
The Ministry of Energy, in partnership with the Petroleum Commission and GNPC, has pledged to provide the necessary oversight and support to ensure that the Eban-Akoma project progresses effectively and in line with Ghana’s broader energy strategy. The government remains dedicated to fostering a transparent, resilient, and investor-friendly energy sector that will deliver sustainable economic value and opportunities for the Ghanaian people.
■ A Bright Future for Ghana’s Energy Sector
This development serves as a testament to the potential of Ghana’s offshore resources and the government's focus on driving industrialisation and energy self-sufficiency. The Eban-Akoma discoveries are set to play a pivotal role in fueling the country’s economic growth, enhancing energy security, and contributing to the realization of a prosperous future for all Ghanaians.
■ About the Ministry of Energy and Green Transition
The Ministry of Energy and Green Transition is tasked with shaping and implementing Ghana's energy policies, ensuring sustainable energy development, and driving economic transformation through innovative energy solutions.
