Ghana’s upstream petroleum sector is set for a significant boost following the formal Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries within the Cape Three Points Block 4 (CTP-B4). The milestone was confirmed by the Ministry of Energy and Green Transition in a press release issued on July 4, 2025.
The declaration, submitted on July 3, 2025, by a consortium of Joint Venture (JV) Partners—including Eni Ghana Exploration & Production Ltd, Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC Exploration & Production Company Ltd (Explorco)—marks the successful conclusion of the Eban-Akoma appraisal program. This appraisal confirmed the commercial viability of hydrocarbons discovered in the Eban-1X (oil) and Akoma-1X (gas and condensate) wells.
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition, hailed the declaration as a critical step forward in Ghana’s energy journey.
> “The Declaration of Commerciality for the Eban-Akoma discoveries 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 industrialization agenda,” the Minister noted.
The next phase will involve the preparation of a comprehensive Plan of Development (PoD) by the JV Partners, focusing on optimal resource recovery, value maximization, and the promotion of local content participation in accordance with national energy policies.
The Ministry, along with the Petroleum Commission and GNPC, will provide continued oversight and technical support to ensure the development aligns with Ghana’s long-term energy and sustainability goals.
This declaration not only signals a bright future for Ghana’s hydrocarbon sector but also reinforces the country’s commitment to building a transparent, resilient, and investor-friendly energy environment that delivers real benefits to its citizens.
