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Off Shore Ivory Coast


Africa holds close to 10% of the world’s oil reserves and 8% of the world’s natural gas reserves. C&L Natural Resources, a company founded by the group, has focused its projects and investments in West Africa, a promising territory that remains under-developed, as evidenced by the presence of all the major international oil companies.

Ivory Coast - CI-202

CI-202 is a highly prospective petroleum exploration licence that contains multiple pre-existing unappraised oil and gas discoveries. CI-202 has the following attributes:

  • 13 wells drilled between 1977 and 2001 predominately on vintage 2D seismic data;
  • 12 wells intersected hydrocarbons;
  • test rates of 2,280 bopd and 37 mmscfd achieved post 435 km2  of high quality 3D seismic data; and
  • the licence is located in shallow water and close to existing oil and gas markets.

CI-202 is located 80km to the west of the giant Jubilee offshore discovery made in Ghana in 2007 (1.8 billion barrels oil reserves), and the subsequent Tweneboa (>250 million barrels oil equivalent reserves) and Odum (120 million barrels oil reserves) discoveries, which have established the Ivorian Basin, located in the West African Transform Margin, as one of the most promising emerging offshore petroleum provinces in the world.