Planet One Oil & Gas Limited, operator of Ghana’s Deepwater Cape Three Points (DWCTP) Block, is targeting October 2026 to spud the Nya Gyidie-1X exploration well as it steps up exploration activities offshore Ghana.
The company announced the drilling timeline during Africa Oil Week 2026 in Accra, where it outlined progress towards drilling the exploration well.
The Nya Gyidie-1X well is expected to be spudded after the Noble Venturer rig completes its current operations for another operator in Ghana, scheduled to conclude in September 2026.
Planet One Oil & Gas is a wholly owned subsidiary of Planet One Group, which is owned by businessman Sanjeev Mansotra.
“Planet One has done the work. We’ve matured the opportunity, we’ve secured the rig. Now we are ready to drill,” Doreen Addotei, lead geoscientist at Planet One Oil & Gas Limited, said during a presentation at Africa Oil Week.
Planet One entered the DWCTP Block after signing a farm-in agreement with GOIL Upstream Limited in 2023, following ExxonMobil’s relinquishment of its interest in the block.
It operates the block in partnership with GOIL Upstream Limited and the Ghana National Petroleum Corporation (GNPC).
Planet One holds a 75% participating interest in the block, while GNPC holds 15% and GOIL Upstream holds 10%.
The Nya Gyidie-1X drilling campaign is expected to provide additional subsurface data to help assess the petroleum potential of the DWCTP Block as Ghana seeks to sustain upstream exploration and develop its petroleum resources.
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