Nya Gyidie-1X encounters hydrocarbons in first Planet One deepwater exploration well

Planet One Oil & Gas encountered hydrocarbons in carbonate rock between 3,364 and 3,499 m measured depth with the Nya Gyidie-1X exploration well in the Deepwater Cape Three Points Block offshore Ghana. The well was drilled in 2,289 m of water about 148 km offshore. It is Planet One’s first deepwater exploration well and first deepwater drilling campaign.

The company described the result as the first successful test of a carbonate reservoir system in Ghana, where previous commercial discoveries were in sandstone. The primary target was a Cenomanian-Turonian carbonate play, with the Albian as a secondary objective. Test or flow rates were not reported, and the scale and commercial potential of the discovery have yet to be established through technical evaluation.

Planet One operates the block, which covers about 1,454 sq km, with partners GOIL Upstream Limited and Ghana National Petroleum Corp. The company is working with the partners to advance development and production options.