In recent years, Ivory Coast has also upgraded its state-owned Société ivoirienne de raffinage refinery to enable the production of low-sulfur fuels leveraging new technologies. Ivory Coast is aiming to become a major oil producer in the near-term future, as it yields new deepwater discoveries and unlocks cutting-edge net-zero technologies.
How much oil does Ivory Coast produce a day?
Though Ivory Coast currently produces 30,000 barrels per day ¨C owing to the Baleine discovery that was fast-tracked into production last August ¨C additional offshore discoveries and regional pipeline projects signal significant development potential, particularly in deepwater acreage.
How many oilfields are there in Ivory Coast?
Ivory Coast to date has 51 identified oilfields with four in production, 26 in exploration and the remaining 21 still up for grabs. In 2014, Total said exploration had shown "very promising" prospects. Aside from Total and Eni, Britain’s Tullow Oil has also announced significant discoveries of Ivorian offshore oil reserves in recent years. (AFP)
Is Tullow Oil a major oil discovery in Ivory Coast?
Aside from Total and Eni, Britain’s Tullow Oil has also announced significant discoveries of Ivorian offshore oil reserves in recent years. (AFP) Ivory Coast on Wednesday reported a "major discovery" of oil and natural gas offshore after deepwater exploration by Italian firm Eni.