GHANA’S NEW OIL DISCOVERY: WHAT THIS COULD MEAN FOR NIGERIA.

In a press release dated the 4 day of July 2025, Ghana’s Ministry of Energy and Green Transition announced the formal submission of the Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries in the Cape Three Points Block 4 (CTP-B4), marking a significant development in Ghana’s energy sector.
The DoC, submitted on the 3rd day of July 2025, follows the successful completion of the Eban-Akoma Appraisal Programme, which confirmed the commercial viability of hydrocarbons discovered in the Eban-1X oil well and the Akoma-1X gas and condensate well.
The declaration was jointly submitted by the Joint Venture Partners: Eni Ghana Exploration & Production Ltd, Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, GNPC Exploration & Production Company Ltd (Explorco), in collaboration with the Ghana National Petroleum Corporation (GNPC).
In light of the declaration, the JV Partners plan to commence developing a comprehensive Plan of Development (PoD) that will prioritize efficient resource recovery, maximize value, and enhance local content participation in alignment with national policy.
The report further indicated that additional technical and commercial assessments will be carried out to establish a mutually beneficial development framework aligned with Ghana’s long-term energy strategy. It also stated that the Ministry, in collaboration with the Petroleum Commission and GNPC, will maintain oversight to
Ensure the Eban-Akoma project is developed efficiently and in line with government priorities.
Ultimately, this article seeks to highlight how Ghana is positioning itself as a rising player in the region’s energy landscape — a trend Nigeria must strategically monitor to safeguard its competitive advantage.