The production process of vegetable oil involves the removal of oil from plant components, typically seeds. This can be done via mechanical extraction using an oil mill or chemical extraction using a solvent. The extracted oil can then be purified and, if required, refined or chemically altered.
How much oil does Ivory Coast have?
Exploration campaigns in Ivory Coast have revealed substantial deposits of hydrocarbons, with the Baleine field alone estimated to hold as much as 2.5 billion barrels of crude oil and 3.3 trillion cubic feet of gas.
Does ice oil & gas have a production sharing agreement with Petroci?
Ice Oil & Gas signed a production sharing agreement (PSA) with Ivory Coast¡¯s national oil company Petroci for offshore block CI-705 in November 2023. The block spans 2289 km2 in the Grand Lahou area. The PSA grants Ice Oil & Gas a seven-year exploration period with a commitment to invest at least US$40 million in hydrocarbon exploration.
How will Calao’s oil discovery impact Ivory Coast?
Recognized by National Oil Company Petroci as the country¡¯s second-largest find, Calao¡¯s resources could likely support the industrial sectors of Ivory Coast. The discovery is expected to generate substantial revenues, creating over 8,000 direct and indirect jobs and attracting increased investments to the sector.