Ivory Coast Grants 3 Offshore Oil Exploration Permits

ABIDJAN Dec 12, 2007 (Dow Jones Newswires)

Ivory Coast has granted exploration permits for its deep water block CI-102 to three foreign companies, the state-owned Fraternite Matin newspaper reported Wednesday.

The permits were granted Tuesday by Minister of Mines Leon Emmanuel Monnet to Italy's Edison Gas SpA., Ireland's Tullow Oil plc and the Kuwait Foreign Petroleum Exploration Company, or Kufpec, the report said, adding that the three companies would work with their local partner, Ivory Coast's Petroci Holding.

Block CI-102 is 8 kilometers off the coast of the main port of Abidjan and has a surface area of 2,521 square kilometers, the report said.

Copyright (c) 2007 Dow Jones & Company, Inc.

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