Explorers mull Côte d’Ivoire campaigns
Tullow, BP and CNR are among IOCs with drilling plans
Attractive licensing terms and a revamped acreage map have put Côte d'Ivoire firmly back on the radar for explorers. But the country could do with an early discovery to persuade international oil companies (IOC) to convert positive plans into substantial drilling campaigns. Abidjan has been pushing hard to ensure that IOCs maintain interest in an upstream sector that has promised much but delivered few oil and gas discoveries in recent years. A dry well drilled by Ophir Energy in 2017 paved the way for that company's exit from the country. These days, terms for explorers in Côte d'Ivoire are viewed as being amongst the most competitive in Africa. Bernard Looney, BP's head of upstream, praise
Also in this section
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy
15 April 2024
Though hampered by methane concerns, US LNG has a crucial role to play for European and Asian energy security, US economic needs and the energy transition drive