Ghana: Government Expected To Announce Gas And Condensate Discovery At Nya Gyidie-1X Well By Planet One

Ghana’s government is expected to announce a gas and condensate discovery by Planet One Oil & Gas Limited at the Nya Gyidie-1X exploration well in the Deepwater Cape Three Points block off Ghana’s coast, sources told Energy News Africa.

President John Dramani Mahama is likely to make the announcement in Takoradi, the sources said. An estimate of the size of the discovery was not immediately available.

Planet One, which operates the block, began drilling the well in October. It had outlined its drilling plans at Africa Oil Week 2026 in Accra.

“Planet One has done the work. We’ve matured the opportunity; we’ve secured the rig. Now we are ready to drill,” Doreen Addotei, the company’s lead geoscientist, said at the conference.

Planet One acquired its interest in the block through a 2023 farm-in agreement with GOIL Upstream Limited after ExxonMobil relinquished its interest.

Planet One holds a 75% stake in the block, the Ghana National Petroleum Corporation holds 15% and GOIL Upstream holds 10%.

Planet One is a wholly owned subsidiary of Planet One Group, which is owned by businessman Sanjeev Mansotra.

The drilling campaign is expected to provide additional data to help assess the block’s oil and gas potential.