Exploration & Production | General News | Government Bids
Eni Scores Majority Stake in Ivory Coast Blocks
Print
|
Eni has obtained majority stakes in two new exploration blocks off the shore of the Ivory Coast. The two blocks are located approximately 50 km from the country’s coastline.
The two deep offshore blocks, denominated CI-101 and CI-205, are in the eastern part of the prolific Tano basin, where Eni already operates, and cover a total area of about 2,850 square kilometers. Block CI-101 is at water depths of between 200 and 2,500 m and located 50 km south of the capital Abidjan, while block CI-205 is at water depths of between 2,000 and 2,700 m, and located 80 km south-west from the capital. Eni will operate and hold a 90% stake in both blocks, while the state-owned company Petroci continues to hold the remaining 10%.
Eni will operate the two blocks by applying its proprietary technologies and…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Exploration & Production News
YPF leans into Vaca Muerta as shale becomes the growth engine
YPF is accelerating its shift toward shale as it positions Vaca Muerta as the core driver of Argentina’s production growth, margin expansion, and long-term cash flow potential. The…
Parex Advances Llanos Foothills Exploration Alliance with Ecopetrol
Parex and strategic partner Ecopetrol provided an update on their Llanos Foothills exploration program, noting that a full strategic alliance has effectively been achieved and that key Foothills…
The Permian Play: How ExxonMobil Is Rewriting the Shale Narrative
In the heart of the Permian Basin, where the shale revolution was born and many say it may soon peak, ExxonMobil is telling a very different story—one that…
Silverbow Resources Touts New "Dorado Play" in Webb County, TX
SilverBow Resources Inc. announced the addition of a new acreage block in the Dorado play of Webb County, Texas. Through a series of transactions, including bolt-on acquisitions, leasing…
APA Corp. Strikes Oil Offshore Suriname at Baja-1 Well; Dry Hole at Block 58
APA Corp. announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Baja-1 was…
Africa - West Africa News
Chevron, Quantum prepare joint bid for Lukoil’s international assets
Chevron and private equity firm Quantum Energy Partners are preparing a joint bid for the international assets of Russian oil major Lukoil, a package estimated to be worth…
Kosmos Energy Second Quarter 2022 Results
Kosmos Energy Ltd. reported its financial and operating results for the second quarter of 2022. For the quarter, the Company generated a net income of $117 million, or…
Kosmos Energy Third Quarter 2021 Results
Kosmos Energy Ltd. reported its financial and operating results for the third quarter of 2021. For the quarter, the Company generated a net loss of $29 million, or…
Eni Touts 'Major Discovery' Offshore Ivory Coast
Eni announced a major oil discovery in block CI-101 offshore Ivory Coast. The potential of the discovery can be preliminarily estimated at between 1.5 and 2.0 billion barrels…
Marathon Oil Cuts Spending 14% for 2021; 190 Wells TIL, Oil Production Flat
Marathon Oil Corp. reported its Q4 and full year 2020 results, as well as its 2021 capital budget. 2021 Plan - 2021 Capex: $1.0 billion - down 14%…