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

President John Dramani Mahama revealed a significant hydrocarbon discovery in the Deepwater Cape Three Points block, situated in the Tano Basin offshore Ghana. The discovery was achieved by a collaboration between Planet 1 Oil and Gas Limited and Bowler Upstream Limited, alongside the Ghana National Petroleum Corporation (GNPC), as confirmed by the President during the 2026 Petroleum Commission Local Content Conference and Exhibition held in the Western region on November 10, 2026.

Mahama emphasized the importance of this find for Ghana’s petroleum industry, stating it represents the nation's first successful exploration of a Cenomanian-Turonian carbonate play as a primary target. Additionally, the well aimed to explore the Albian formation as a secondary objective. Mahama also highlighted that this discovery contributes to the ongoing exploration efforts in the Tano Basin, a key offshore petroleum area in Ghana.

Further appraisal work is necessary to determine the full extent and commercial potential of the discovery before any development decisions can be made.