Will Ivory Coast become a major oil producer by 2023?
Ivory Coast, which ambitions to become a "major" oil producer by 2023, announced Thursday a new discovery of oil and natural gas by Italian hydrocarbon giant ENI. The fresh discovery expands the potential of reserves found last year by 25 percent In September 2021, the country announced a find of deposits by ENI its Ivorian partern Petroci Holding.
Which companies have discovered oil in Ivory Coast?
International companies including French giant Total and Britain’s Tullow Oil have also announced significant discoveries of Ivorian offshore oil reserves in recent years. Ivory Coast, which ambitions to become a "major" oil producer by 2023, announced Thursday a new discovery of oil and natural gas by Italian hydrocarbon giant ENI.
How much oil & gas does Ivory Coast have?
Estimates put the field reserves to between 1.5 to 2 billion barrels of oil and about 1.8 to 2.4 trillion cubic feet of gas. Ivory Coast is set to build Africa’s first biomass power plant 100 km east from Abidjan.
How many oilfields are there in Ivory Coast?
Ivory Coast to date has 51 identified oilfields with four in production, 26 in exploration and the remaining 21 still up for grabs. In 2014, Total said exploration had shown "very promising" prospects. Aside from Total and Eni, Britain’s Tullow Oil has also announced significant discoveries of Ivorian offshore oil reserves in recent years.