Ivory Coast Discovers New Oil, Gas Reserves
29 July 2022 - 7:56PM
Dow Jones News
By Emmanuel Tumanjong
Special to Dow Jones Newswires
Ivory Coast has discovered new oil and gas reserves that could
lift its potentials to at least 25%, the country's government said
on Thursday.
The 2.5 billion barrels of crude oil reserves and 3,300 billion
cubic feet of natural gas was discovered by Italian energy firm Eni
and Ivory Coast's state-run partner Petroci Holding, Mines, Petrol
and Energy Minister Coulibaly Mamadou Sangafowa said in a
statement.
The new finding follows a major discovery of 2 billion barrels
of crude and 2,400 billion cubic feet of gas reserves in
September.
The newly discovered CI-802 block is adjacent to the CI-101
block found by the consortium in September.
Drilling of the reserves is expected to start by the first
quarter of 2023, Minister Sangafowa said.
Considered a moderate oil producer, Ivory Coast's crude output
hangs around 30,000 barrels a day, according to government
data.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
July 29, 2022 05:41 ET (09:41 GMT)
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