Qatar Petroleum has entered a farm-in agreement with Total to acquire a 45% participating interest in blocks CI-705 and CI-706 in the Ivorian-Tano basin offshore the Republic of Côte d’Ivoire.
Qatar Petroleum has entered a farm-in agreement with Total to acquire a 45% participating interest in blocks CI-705 and CI-706 in the Ivorian-Tano basin offshore the Republic of Côte d’Ivoire.
The two blocks cover an area of about 3,200 sq km (1,236 sq mi), and present multi-target hydrocarbon prospects in water depths ranging from 1,000 to 2,000 m (3,281 to 6,562 ft). They are 35 km (22 mi) from shore and about 100 km (62 mi) from the Foxtrot, Espoir, and Baobab fields.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, president and CEO of Qatar Petroleum said, this is company’s first investment in Côte d’Ivoire.
“Africa’s offshore is a key target area for QP’s international growth strategy,” he said.
The farm-in agreement is subject to customary approvals by the Côte d’Ivoire government.
Source: Offshore
