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.

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


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 ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...