Côte d’Ivoire confirms Ophir entry into offshore permit

Offshore staff

LONDONAfrican Petroleum says a new production-sharing contract with Ophir Energy is now in effect over the CI-513 license area offshore Côte d’Ivoire following ministerial approval.

Ophir will contribute $16.9 million toward African Petroleum’s back costs in relation to the block, and will become operator with a 45% interest.

African Petroleum retains a 45% stake with national oil company Petroci holding a 10% carried interest.

In addition, the partners have secured an extension to previous minimum work commitments.

04/12/2016

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...