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Côte d'Ivoire seeking interest in five blocks
Côte d'Ivoire has released five blocks on the eastern side of the sedimentary basin under its latest offering to the oil and gas sector. Interest is being sought for three new blocks, CI-800, CI-801 and CI-802, along with existing blocks CI-102 and CI-503, which benefit from shallow waters, good geological data and lie adjacent to existing discoveries and infrastructure.
Although the bulk of the country’s oil and gas prospects are located in shallow waters of less than 200 metres water depth, Côte d'Ivoire has granted 47 exploration licences since 2011, including four blocks in water depths exceeding 3,000 metres.
The Côte d'Ivoire sedimentary basin is a passive transform margin that lies along the west coast of Africa, from Liberia to Ghana. Several oil and gas deposits have been discovered, including Espoir, Baobab, Foxtrot, Marlin, Manta, Mahi. Lion and Panthere, with most of them now in production. This year’s average production is estimated to be around 34,800 b/d of oil and 208mn cf/d of natural gas.