Total and Anadarko to spend US$300 million on Côte d’Ivoire exploration

offshore cote-jim sneddon flickrAll three concessions are ultra-deepwater blocks. (Image source: Jim Sneddon/Flickr)Total and Anadarko have said they will spend up to US$300mn on drilling exploration wells across three Côte d’Ivoire offshore oil and gas blocks in 2014

Nicolas Payer, managing director of Total Côte d’Ivoire, said that the new wells would be drilled on its blocks near the country’s western border.

“For 2014, we plan three wells on blocks 514, 515 and 516 close to the town of Sassandra. We foresee spending between US$200mn and US$300mn,” Payer noted.

All three concessions are ultra-deepwater blocks.

Total owns a 54 per cent interest in CI-514, with Canadian Natural Resources International owning 36 per cent and state-owned oil company Petroci controlling the remaining 10 per cent.

In the other two blocks, Total and Anadarko control 45 per cent each with Petroci controlling the remaining 10 per cent.

The French explorer also holds a 60 per cent interest in another ultra-deep offshore exploration licence for Block CI-100, where the company announced an oil discovery in April this year.

 

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