hot low cold press oil refinery plant in ivory coast

                                               
                                               
                                               
                                               
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  • What role does the oil and gas sector play in Ivory Coast?
  • The oil and gas sector plays a strategic role for Ivory Coast. The country currently produces 60,000 barrels of oil per day but the short-term goal is to produce about 200,000 barrels of oil per day. The oil and gas sector plays a strategic role for Ivory Coast.‌
  • How much oil does Ivory Coast produce a day?
  • The oil and gas sector plays a strategic role for Ivory Coast. The country currently produces 60,000 barrels of oil per day but the short-term goal is to produce about 200,000 barrels of oil per day. This goal is expected to be reached by 2020.‌
  • Does Ivory Coast have oil & gas investment potential?
  • Notably, CI-103 holds the Paon deep-water gas and light oil field, while CI-531 and CI-709 show development potential from previous drilling activities. Recent major hydrocarbon discoveries along with strategic investments showcase Ivory Coast’s oil and gas investment potential.‌
  • 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.‌
  • 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 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.