Ghana has recorded a hydrocarbon discovery in a new geological formation offshore Cape Three Points, marking the first successful confirmation of hydrocarbons in carbonate rocks in the country’s petroleum exploration history.
The discovery was made at the Nya Gyidie-1X exploration well in the Deepwater Cape Three Points (DWCTP) Block, approximately 148 kilometres offshore Ghana, by Planet One Oil & Gas, the operator of the block.
The well encountered hydrocarbons in carbonate rock formations between 3,364 and 3,499 metres measured depth, after being drilled in water depths of 2,289 metres.
Listen to President John Mahama announcing the discovery at a forun in Takoradi:
The Ghana National Petroleum Corporation (GNPC), a partner in the block alongside Planet One Oil & Gas and GOIL Upstream Limited, welcomed the discovery, describing it as an important development for the country’s upstream petroleum sector.
GNPC Chief Executive, Kwame Ntow Amoah, said the discovery had established a new geological target for further exploration beyond the sandstone reservoirs associated with Ghana’s existing commercial oil and gas fields.
“The significance of Nya Gyidie-1X goes beyond the hydrocarbons encountered in this well. For the first time in Ghana, we have tested and confirmed hydrocarbons in a carbonate reservoir system, opening up a new geological play for further exploration,” he said.
He said the discovery was encouraging at a time when Ghana was seeking to replenish its petroleum reserves, sustain production and attract fresh investment into the upstream sector.
However, GNPC said further technical evaluation would be required to determine the size, characteristics and commercial viability of the discovery.
The outcome of the evaluation will guide subsequent exploration and appraisal decisions and establish whether the discovery can support future development and production.
GNPC said it would continue working with its partners and relevant regulatory institutions to assess the discovery and determine the next steps.
The Nya Gyidie-1X discovery adds a new geological dimension to Ghana’s petroleum exploration prospects as the country seeks additional resources to support its upstream industry.
