President John Dramani Mahama has revealed that the Ghana National Petroleum Corporation (GNPC) and its exploration subsidiary, Explorco, are on track to drill two new exploration wells by the end of the third quarter of 2026.
Speaking at the Africa Oil Week Summit, President Mahama described the initiative as a key step in maximizing Ghana’s hydrocarbon potential. He also called on international energy companies to explore partnership opportunities, stressing that Ghana’s upstream petroleum sector remains open for business.
Ladies and gentlemen, it is instructive to note that Ghana like most African countries has large unlicensed acreages across our offshore and onshore basins. The onshore Voltaian basin presents one of the most exciting frontiers on the continent.
“The GNPC and its exploration subsidiary (Explorco) are advancing preparations to drill new exploration wells by the end of the third quarter of 2026. This presents a unique opportunity for partners seeking to pioneer Ghana’s onshore potential,” President Mahama said.
The planned exploration is expected to strengthen Ghana’s energy security, attract foreign investment, and position the country as a leading hub for petroleum exploration in West Africa.
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