Ivory Coast signs PSAs with Exxon for two oil blocks

Ivory Coast has signed production sharing agreements (PSAs) with Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea.

The blocks include CI-602 and CI-603, which cover 3,874 and 5,543 sq km (1,496 and 2,140 sq mi), respectively, and vary in depth from 3,000 to 4,000 m (9,843 to 13,123 ft).

The maximum exploration period is nine years for each block, and, in the case of a commercial discovery, the length of the contract will be 25 years.

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