large canola oil refined production equipment 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.
  • 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 will Calao's oil discovery impact Ivory Coast?
  • Recognized by National Oil Company Petroci as the country¡¯s second-largest find, Calao¡¯s resources could likely support the industrial sectors of Ivory Coast. The discovery is expected to generate substantial revenues, creating over 8,000 direct and indirect jobs and attracting increased investments to the sector.
  • 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.
  • Does Ivory Coast have oil?
  • Ivory Coast has struck oil just as much of the developed world has begun to call time on fossil fuels and some financial institutions are reluctant to take carbon-emitting projects on to their balance sheets.
  • What is Ivory Coast's gas strategy?
  • Last year, Ivory Coast¡¯s Minister of Mines, Petroleum and Energy Mamadou Sangafowa Coulibaly announced the country¡¯s strategy to fast-track the development of the country¡¯s gas reserves.