November 27, 2022

The Queens County Citizen

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Ivory Coast | “Major invention” of oil and natural gas

Ivory Coast |  "Major invention" of oil and natural gas

(Abidjan) Ivory Coast, a modest producer of hydrocarbons, on Wednesday announced the “major discovery” of oil and natural gas off its coasts during an exploratory drilling by Italian hydrocarbon giant Eni.

“The major discovery of oil in the sedimentary basin of Ivory Coast is being carried out by an Italian company in the CI-101 block, in deep water, in a consortium with the national company Petrose Holding,” Ivorian Minister of Mines and Petroleum Thomas Camara said in a statement. “Discovered reserves are associated with crude oil and associated natural gas”.

Divide Directorate General of the Hydrocarbons Card

Current oil production in C కోట్te d’Ivoire comes mostly from offshore drilling wells near the Ghanaian border.

“The potential could be estimated at about 1.5 to 2 billion barrels of crude oil on the one hand, and about 1,800 to 2,400 billion cubic feet of auxiliary gas on the other,” Mr. Camara, reporting “is an important discovery of C డిte d’Ivoire’s proven reserves, as well as its oil and gas in the coming years. Increases productivity. ”

Cటte d’Ivoire signed deals with Italian Eni and French Total in 2019 to explore four oil blocks worth $ 185 million.

Oil production in C డిte d’Ivoire increased by 12% in 2019 to 36,000 barrels per day, mainly from drilling wells in the sea near the Ghanaian border.

The modest producer C కోట్te d’Ivoire revised its Petroleum Code in 2015 to attract new investors, thanks to production-sharing contracts.

4 in production, 26 and 21 in exploration are still free or 51 identified sectors in the negotiation stage are in the country.

In 2014, the French group Total referred to its research in very deep water from the Ivory Coast as a “very promising outcome”.

In addition to Total and Eni, many international companies, especially British Tall Oil, have announced significant innovations in recent years.

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