A global exploration firm, Planet One Oil & Gas, has pledged to support investment, job creation and skills development in the country following the discovery of hydrocarbons at the Nya Gyidie-1X exploration well offshore the country.
The company said its focus was to ensure that the company’s projects delivered wider economic benefits to the country beyond the discovery of petroleum resources in the Deepwater Cape Three Points (DWCTP) Block offshore Ghana.
A release issued by Planet One Oil & Gas in Accra yesterday said: "Nya Gyidie-1X marks the first successful test of a carbonate reservoir system in Ghana, opening a new geological target beyond the sandstone formations that have underpinned the country’s existing commercial discoveries.
“The discovery comes as Ghana seeks to accelerate investment and exploration across its upstream petroleum sector.
In July 2026, President John Dramani Mahama announced $3.5 billion of new upstream investment commitments”.
The release said the government had also identified reserve replacement, increased production and renewed international investment as priorities for the sector.
Appreciation
The Founder and Chairman of Planet One Group, Sanjeev Mansotra, said in the release that the discovery at Nya Gyidie-1X reinforces confidence in Ghana and the potential of its oil and gas sector, opening new possibilities for future exploration.
“We have worked closely with the Government of Ghana for many years, and across every project, our focus is on the impact it can create for the country.
“In oil and gas, that means supporting investment, jobs, skills and wider economic value over time.
We are grateful to the government, the Ministry of Energy and Green Transition, the Petroleum Commission, Ghana National Petroleum Corporation and GOIL for their continued support and partnership,” he said.
Important milestone
The release also quoted President Mahama as saying: “The hydrocarbon discovery at the Nya Gyidie-1X well in the Deepwater Cape Three Points Contract Area marks an important milestone for Ghana.
“It is the country’s first successful test of a Cenomanian–Turonian carbonate play as a primary exploration target.
The well also targeted the Albian as a secondary objective.”
By drilling this well, the President said, Planet One and its partners fulfilled an exploration commitment and demonstrated confidence in Ghana and in the direction of the government’s reset agenda.
“That is why I call it a well of faith.
Our priority now is to accelerate responsible exploration and put in place the infrastructure Ghana needs to develop its petroleum resources sustainably.
“Our goal is to turn those resources into jobs and opportunities for Ghanaians and into lasting improvements in people’s lives. I congratulate Planet One and its partners on this achievement.
Strategic investments
The Minister of Energy and Green Transition, Dr John Jinapor, said in the release that the latest hydrocarbon discovery in Ghana marks another significant milestone in the efforts to revitalise the upstream petroleum sector, attract strategic investments, increase production and strengthen our nation’s energy security.
“Planet One has been a long-standing partner to the government across various sectors, and this milestone will further strengthen our collaboration going forward,” he stated.
