Comprehensive  Ghana Oil and Gas news, information, updates, analysis


NEWS

Tullow Awarded Four Licences In Côte D’Ivoire

  • POSTED ON: October 12, 2017
  • SOURCE: Starfmonline
  • CATEGORY:

Tullow Oil plc has announced that it has acquired 90% stakes in four onshore blocks in Côte d’Ivoire.

Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%. The four blocks – CI 518, CI519, CI301 and CI302 – cover 5,035 square kilometres and located on the coastline of Côte d’Ivoire mostly to the west of Abidjan.

Tullow believes that this acreage will complement the Group’s existing exploration portfolio as the blocks are located in a proven petroleum system, indicated by multiple oil seeps and past production from the Eboinda Oil Sands

If commercial discoveries are made, the maturity of Côte d’Ivoire’s oil industry suggests a relatively short and low-cost path to production. Tullow intends to initiate work immediately on these licences to allow a full tensor gradiometry (FTG) survey to start in early 2018. This early survey data will be used to assess the potential of the licenses and guide future acquisition of seismic data,” a statement from Tullow said.

Tullow has worked in Côte d’Ivoire for 20 years both as an explorer and as a producer and holds a non-operated position in the Espoir field which produces approximately 4,000 bopd net to Tullow.

“I am very pleased to have signed the licences for these blocks in Abidjan and look forward to exploring again in Côte d’Ivoire. We have a long history in Côte d’Ivoire having been in country since 1997 and I am excited about the potential that these blocks, with their proven petroleum system, offers,” Chief Executive Officer of Tullow Paul McDade said.

Share this article

Leave a reply

Personality of the Month
Follow Us Online
About Us
Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
Events Calendar
<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Twitter Activity Stream
 

Partners We are proud to be associated with:

Skip to toolbar