• 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.
  • Did Eni find oil in Ivory Coast?
  • The Italian oil giant Eni announced a major discovery of oil and natural gas offshore in Ivory Coast. Eni’s deepwater exploration led to the discovery at 3,445 meters (11,300 feet) deep of the field that could contain as many as two billion barrels of oil and 51 million cubic meters of natural gas.
  • How many oil fields are there in Ivory Coast?
  • Ivory Coast has 51 identified oil fields. Of those, only four are in production whereas 26 remain in exploration and 21 are untapped. In 2019, Ivory Coast signed contracts for exploration with Eni and France’s Total. Between the two firms, in 2019 the firms put $185 million (€136 million) into the initial investment in 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.
  • How deep is Eni’s oil & gas discovery?
  • Eni’s deepwater exploration led to the discovery at 3,445 meters (11,300 feet) deep of the field that could contain as many as two billion barrels of oil and 51 million cubic meters of natural gas. Thomas Camara, the Ivorian Energy Minister said the discovery would “greatly increase Ivory Coast’s proven reserves in the coming years.”
  • 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.