Côte d¡¯Ivoire currently produces around 50,000 bpd compared to Nigeria, Africa¡¯s largest oil producer, which produces around 2.5m. The government has been on an investment drive in recent years in an attempt to diversify the economy away from an overreliance on cocoa and gold, by developing its mining and energy sectors.
How many oilfields are there in Côte d’Ivoire?
Offshore oil was first discovered in the West African country in 1977, with the bulk of the oil and gas wells later drilled in shallow marine areas. The latest find is the first deep water commercial discovery in more than 20 years. To date, Côte d¡¯Ivoire has identified 51 oilfields with four in production and 26 in exploration.
Did Côte d’Ivoire find a’major’ offshore oil & gas discovery?
Côte d¡¯Ivoire announced a ¡°major¡± offshore oil and gas discovery on Wednesday after ¡°very promising¡± exploration results in 2014 led to interest from several oil majors. Italian energy group Eni said it had found up to 2bn barrels of oil and 2.4trn cubic feet of associated gas.
How much energy does Ivory Coast produce?
Energy in Ivory Coast has a capacity of 2,200 megawatts (MW) energy production. Unlike other countries in sub-Saharan Africa, the Ivory Coast reliable power supply in the region, exporting electricity to neighboring Ghana, Burkina Faso, Benin, Togo, and Mali.