new arrival maize oil extracting plant in ivory coast

                                               
                                               
                                               
                                               
                                               
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  • Does ice oil & gas have a production sharing agreement with Petroci?
  • Ice Oil & Gas signed a production sharing agreement (PSA) with Ivory Coast¡¯s national oil company Petroci for offshore block CI-705 in November 2023. The block spans 2289 km2 in the Grand Lahou area. The PSA grants Ice Oil & Gas a seven-year exploration period with a commitment to invest at least US$40 million in hydrocarbon exploration.
  • How will the Ivory Coast power plant work?
  • The power plant will be fueled by natural gas and will utilize combined cycle technology, thus generating energy more efficiently. Moreover, the Ivory Coast aims to boost energy exports with the station¡¯s output while meeting the country¡¯s baseload requirement.
  • 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.
  • What is the largest oil discovery in Ivory Coast?
  • Estimated to contain up to 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, the Baleine field is the largest oil discovery in Ivory Coast. The project is also expected to become the first emissions-free upstream development project in Africa under Scope 1 and 2 of the global standard Greenhouse Gas Protocol.
  • How much will Ivory Coast Invest in oil?
  • Last June, Ivory Coast¡¯s President Alassane Ouattara revealed plans for more than $15 billion in investment in the country¡¯s oil sector. The President further projected an increase in oil output from 60,000 bpd ¨C come the startup of Baleine¡¯s Phase 2 ¨C to 200,000 bpd within the next five years.
  • How will energy be sold in Ivory Coast?
  • Energy produced will be sold under a power purchase agreement with the Compagnie Ivoirienne d¡¯Électricité. Ivory Coast is ramping up energy infrastructure development projects in a bid to diversify its energy mix, expand its electric grid, attract sustainable investment, and boost socioeconomic growth.