Mahama announces new offshore oil discovery in Deepwater Cape Three Points block

President John Dramani Mahama has announced a new hydrocarbon discovery in the Deepwater Cape Three Points block in the Tano Basin, offshore Ghana.

The discovery was made by Planet 1 Oil and Gas Limited in partnership with Bowler Upstream Limited and the Ghana National Petroleum Corporation (GNPC), according to the President.

Speaking at the 2026 Petroleum Commission Local Content Conference and Exhibition in the Western region on Tuesday, November 10, 2026, Mahama described the find as an important milestone for Ghana’s petroleum industry, noting that it marks the country’s first successful test of a Cenomanian-Turonian carbonate play as a primary exploration target.

“The hydrocarbon discovery at the N1 GDA 9 1 X well in the Deepwater Cape Three Points contract area marks an important milestone for Ghana. It is the country's first successful test of a Cenomanian-Turonian carbonate play as a primary exploration target,” he said.

The President said the well also targeted the Albian formation as a secondary exploration objective.

“Today, the well also targeted the Albian as a secondary objective,” he added.

The discovery adds to exploration activity in the Tano Basin, one of Ghana’s offshore petroleum areas.

Further appraisal work will be required to establish the extent and commercial potential of the discovery before any development decisions can be made.