Taleveras signs upstream Ivory Coast agreements


African independent oil and gas company Taleveras has reached an agreement with the Ivory Coast government for offshore block CI-523.

The agreement was signed with the Ministry of Energy and Petroleum, PETROCI, the national oil company of Ivory Coast, and Afren, a London-listed independent oil and gas company. Taleveras has also acquired an interest in Afren’s CI-525 block, located near the Ghanaian border. Block CI-523 contains the Ibex oil and gas discovery, while CI-525 covers the Kudu and Eland gas discoveries. 

Taleveras signed an MOU with PETROCI for collaboration in upstream activities in Ivory Coast in July 2011. Since then, Taleveras has signed production sharing contracts with PETROCI for four exploration blocks offshore Ivory Coast.

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