Total, ENI Awarded Blocks off Ivory Coast

Published

Eni CEO Claudio Descalzi (File photo: Eni)
Eni CEO Claudio Descalzi (File photo: Eni)

Ivory Coast has awarded four new offshore oil and gas blocks, two to France's Total and two to Italy's ENI, government spokesman Sidi Toure said on Wednesday.

Ivory Coast, the world's top cocoa producer, is seeking to develop it long-neglected oil sector.

"The government adopted a communication regarding talks on four contracts to share production with companies Total and ENI," Toure told journalists.

Total will operate offshore blocks CI-705 and CI-706, while ENI will operate blocks CI-501 and CI-504. Investment will total $185 million, including $90 million from Total and $95 million from ENI during the exploration period, he said.

Ivory Coast's Petroci Holding would retain 10% of the consortium on each block, he said.


(Reporting by Loucoumane Coulibaly. Editing by Jane Merriman and David Evans)

Current News

Orsted: Middle East Energy Crunch Rejuvenates Europe Offshore Wind Push

Orsted: Middle East Energy Cru

Oxy Makes Oil Discovery at Bandit Prospect in Gulf of America

Oxy Makes Oil Discovery at Ban

Northern Lights Adds Third CO2 Carrier to Expand CCS Network

Northern Lights Adds Third CO2

European Consortium Targets Marine Noise from Offshore Wind Projects

European Consortium Targets Ma

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine