Côte d'Ivoire's deep ambitions
It's got the fiscal terms and even the domestic power market. Now Côte d'Ivoire just needs a major hydrocarbon find
Côte d'Ivoire has failed to match the lustre of neighbouring Ghana in terms of interest in oil and gas exploration. Much of the country's most promising acreage is in deep or ultra-deep water, which as nations across West Africa have found out in recent years, is viewed as too expensive for the international oil companies with the skills and clout needed to develop them, given their drained financial resources and the cheaper prospects on offer elsewhere. The assertion made in mid-2016 by Ibrahima Diaby, managing director of state oil firm Petroci, that the country aimed to double oil and gas production by 2020 always looked ambitious. Diaby's target of some 200,000 barrels of oil equivalent
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
