Voltaian Basin Drilling, Eban-Akoma discovery signal new era for Ghana’s oil sector
By: Desmond Cudjoe and Frederica Mensah Ghana’s upstream petroleum industry is poised for a significant expansion, with exploration activities in the Voltaian Basin and the Cape Three Points Block 4 area advancing, according to updates provided by the Petroleum Commission’s Chief Executive Officer, Ms. Emeafa Hardcastle, at the Commission’s 12th engagement with the Western Region […]
Ghana's upstream petroleum sector is on the verge of expansion with exploration activities advancing in the Voltaian Basin and Cape Three Points Block 4. The Voltaian Basin, located in the north, is a new frontier for the industry, which could diversify economic corridors and reduce dependence on offshore operations. Drilling for exploration wells in the Voltaian Basin is set to begin in late 2026 or early 2027.
The Eban-Akoma discovery in the Cape Three Points Block 4 Contract Area has been declared commercial, signaling its economic viability for development and production. This discovery complements the Jubilee and TEN fields, adding to the country's producing assets. The Government has secured an additional US$2 billion from the fields' partners for further investments.
The Ministry of Energy and Green Transition is reviewing the upstream petroleum legal, regulatory and fiscal regime to enhance sector competitiveness and governance. These reforms and new investments are attracting major international oil companies, which could bring capital, technology, and skills development. The exploration momentum, combined with regulatory reforms, positions Ghana's upstream sector for growth and diversification of revenue streams.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
