Cote d’Ivoire plans to double output

19 July 2016, Week 28, Issue 648

Cote d’Ivoire intends to double oil and gas production by 2020 in order to meet fast rising domestic demand and boost exports. Speaking to Reuters at an energy conference in Yamoussoukro last week, the managing director of state-owned Petroci, Ibrahima Diaby, said current production was 100,000 barrels of oil equivalent per day. 

“With current exploration our ambition is to reach 200,000 boepd in 2020,” he continued. Cote d’Ivoire has demarcated “around 60 blocks”, of which it has “awarded about 20”.

Oil production in Cote d’Ivoire was 45,000 bpd in the first half of 2016, according to comments from Petroci’s director of exploration and operation, Ousmane Doukoure. This was an increase from 34,000 bpd in 2011. 

There were no details available on how this increase would be achieved. Production has been driven by shallow-water fields in recent years, although there have been some signs of interest further offshore. 

A second platform began producing on CI-27 in late 2015, operated by Foxtrot International. The company started up a well, which was flowing at around 1,000 bpd, with plans for a five-well programme. 

Canadian Natural Resources said its Baobab and Espoir fields had increased production in 2015 by 54%, to 19,100 bpd. The Canadian company warned in its 2015 results, released in March, that further drilling was not planned, a decision likely taken because of low prices. 

A number of heavy-hitting companies are working in the offshore, including ExxonMobil, Total, Tullow Oil and Anadarko Petroleum. ExxonMobil opened an office in Abidjan earlier this year, after signing up two blocks in late 2014. 

Total and Anadarko have carried out exploration in the country in recent years, with some positive results. The French major discovered light oil at the Saphir-1XB well, in CI-514, in April 2014. 

Anadarko, meanwhile, has celebrated progress at its Paon discovery, which it found in 2012. The Paon-5A was a successful horizontal deepwater well, the company said in May. There has been speculation that Paon may be nearing a commercial plan of development, although Anadarko may choose to bring in a partner to help fund the project.