Exxon Mobil in Final Talks with Ivory Coast Over Two Oil Blocks

Reuters

YAMOUSSOUKRO, Nov 21 (Reuters) - Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reuters on Friday.

"It's with Exxon Mobil. We expect to finish discussions before the end of the year," said Ibrahima Diaby, director of hydrocarbons at the ministry, speaking on the sidelines of an oil and gas seminar in the capital Yamoussoukro.

"A memorandum of understanding was signed for the two ultra-deep blocks and negotiations for the production sharing agreements are very advanced," he said.

Ivory Coast is seeking investors for seven new ultra-deepwater blocks, inviting Exxon Mobil, Total, Eni, Anadarko Petroleum, Tullow Oil and ConocoPhillips to a promotional event in Texas last month.

(Reporting by Loucoumane Coulibaly; Writing by Joe Bavier. Editing by Jane Merriman and William Hardy)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Recruiter - Talent Acquisition
Expertise: Production Operator
Location: The Woodlands, TX
 
United States Williston: Operator Assistant I to Service Operator I- Frac/A
Expertise: Production Operator
Location: Williston, ND
 
United States Fort Lupton: Entry Level Operator Assistant I - Service Opera
Expertise: Production Operator
Location: Fort Lupton, CO
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours