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Ivory Coast Awards Total and ENI New Oil and Gas Blocks

Source: www.gulfoilandgas.com 5/22/2019, Location: Africa

Ivory Coast has awarded four new offshore oil and gas blocks, two to France’s Total and two to Italy’s ENI. 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. Ivory Coast’s Petroci Holding would retain 10% of the consortium on each block.

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