• How much oil does Ivory Coast have?
  • Exploration campaigns in Ivory Coast have revealed substantial deposits of hydrocarbons, with the Baleine field alone estimated to hold as much as 2.5 billion barrels of crude oil and 3.3 trillion cubic feet of gas.
  • How to get access to the petroleum sector in Ivory Coast?
  • Access to the petroleum sector in Ivory Coast is granted to companies having the required technical and financial capabilities. Block awarding is decided by the Government on a discretionary basis either by tender procedure or by direct negotiations with the MMPE. Complete applications are submitted to the CIP though the CEPICI.
  • 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.
  • Did C?te d’Ivoire find a’major’ offshore oil & gas discovery?
  • C?te d¡¯Ivoire announced a ¡°major¡± offshore oil and gas discovery on Wednesday after ¡°very promising¡± exploration results in 2014 led to interest from several oil majors. Italian energy group Eni said it had found up to 2bn barrels of oil and 2.4trn cubic feet of associated gas.
  • 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 do I sign a petroleum contract in Ivory Coast?
  • Petroleum Contracts must be signed by the President of Ivory Coast or its duly authorised representative and are published in the Official Gazette. Transfer or disposal of the rights and obligations arising from Petroleum Contracts is subject to notification to and prior approval of the MMPE.