By: Energy capital & power

Ghana’s Ministry of Energy and Green Transition has received a formal Declaration of Commerciality for the Eban-Akoma discoveries – situated in the Cape Three Points Block 4, offshore Ghana. The declaration follows the completion of an appraisal program in the Eban-1X (oil) and Akoma-1X (gas) wells, with further technical and commercial evaluations planned to determine a development framework.

The declaration was submitted by the project’s Joint Venture (JV) partners, including energy companies Eni Ghana Exploration & Production, Vitol Upstream Tano Limited, Woodfields Upstream Ghana and Ghana National Exploration & Production, in collaboration with the Ghana National Petroleum Corporation. The JV partners will proceed with formalizing the Plan of Development for the assets, focusing on optimal resource recovery, value maximization and local content development.

“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,” stated John Abduli Jinapor, Ghana’s Minister of Energy and Green Transition.