Ghana has taken a significant stride towards energy self-sufficiency with the official Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries in the Cape Three Points.
The Ministry of Energy and Green Transition confirmed the commercial viability of the finds this week, describing it as a transformative moment for the country’s upstream petroleum sector.
The declaration, submitted by a joint venture consisting of Eni Ghana Exploration & Production Ltd, Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC Explorco—working in partnership with the Ghana National Petroleum Corporation (GNPC)—clears the path for the next phase of development.
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Energy and Green Transition Minister John Abdulai Jinapor emphasised the milestone’s broader significance. “This Declaration of Commerciality is a major boost to our oil and gas sector. It highlights the immense potential of our offshore resources to fuel economic transformation, enhance energy security, and drive Ghana’s industrialisation agenda,” Jinapor said. He praised the dedication of the joint venture partners and GNPC for advancing this strategic national asset.
With the DoC in place, the partners will now prepare a detailed Plan of Development (PoD) for the Eban-Akoma discoveries. This plan will focus on maximising resource recovery and ensuring that the country extracts maximum value from its offshore hydrocarbon reserves. The Ministry underscored that strong local content requirements will remain central to the project, ensuring benefits reach Ghanaian communities and industries.
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The Petroleum Commission and GNPC will provide regulatory oversight and technical support throughout the development phase. This approach aligns with Ghana’s goal of fostering a transparent and resilient energy sector that attracts investment and supports long-term growth.
