Energy Ministry Declares Eban-Akoma Oil and Gas Discoveries Commercially Viable

Ghana has officially declared the Eban and Akoma offshore oil and gas discoveries commercially viable, clearing the way for full-scale development of the two wells.

The declaration was submitted by a consortium of Joint Venture (JV) partners 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).

The move follows the successful completion of an appraisal programme, which confirmed the commercial viability of the hydrocarbon deposits.

A Turning Point for Ghana’s Energy Future

Minister for Energy and Green Transition, John Abdulai Jinapor, hailed the finding as a “pivotal development” in Ghana’s pursuit of a balanced and strategic energy mix.

“It highlights the immense potential of our offshore resources to fuel economic transformation, enhance energy security, and drive Ghana’s industrialisation agenda,” Jinapor stated during the announcement.

The Eban-Akoma project is now expected to advance into the next critical phase: the submission of a comprehensive Plan of Development (PoD) by the JV partners. This PoD will outline the roadmap for optimal resource recovery, infrastructure development, and integration of local content across the value chain.

Maximising Value, Driving Local Participation

In line with Ghana’s Local Content and Participation Policy, the Ministry has pledged to ensure that the project delivers long-term value not just to investors, but to Ghanaian businesses and talent. Stakeholder institutions such as the Petroleum Commission and GNPC will offer technical and regulatory oversight to ensure alignment with national objectives.

“We are committed to developing our energy assets in a manner that is transparent, resilient, and people-centered,” the Minister added.

Investor Confidence on the Rise

This announcement sends a strong signal to global energy markets. Ghana remains open for business and committed to creating a predictable, investor-friendly environment. The strategic location of the CTP-B4 block, coupled with the technical strength of the JV partners, enhances the project’s potential to become a cornerstone of Ghana’s energy exports.

Energy for Growth

With global energy transitions reshaping supply dynamics, the Eban-Akoma discovery positions Ghana to balance energy security with economic diversification. The combination of oil, gas, and condensates presents an opportunity to meet domestic energy demands while ramping up exports and powering local industries.

As Ghana charts its future in the evolving energy landscape, the Eban-Akoma development is more than a commercial milestone its a strategic lever for industrialisation, foreign exchange generation, and sustainable national progress.

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