Total Acquires Interests in Three New Ultra-Deepwater Licenses Offshore Ivory Coast

Total Acquires Interests in Three New Ultra-Deep Offshore Licenses in Ivory Coast

Total announces the signature of production sharing agreements with the Côte d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses.

Total will operate the CI-514 license with a 54% interest, in partnership with Canadian Natural Ressources International (36%) and Petroci (10%). Total will also hold a 45% interest in the CI-515 and CI-516 licenses, alongside Anadarko (45%) and Petroci (10%). For each block Total will become the operator upon the first commercial discovery.

The licenses are situated approximately 100 kilometres offshore Côte d’Ivoire and cover an area of 3,200 square kilometres with water depths ranging from 2,000 to 3,000 metres. The work program includes a 3D seismic survey of the whole acreage and one well to be drilled on each block during the initial three-year exploration period.

“Total is very pleased with this new exploration opportunity in Côte d’Ivoire’s ultra-deep offshore, a field in which our expertise is globally recognized,” said Marc Blaizot, Total’s Senior Vice President, Exploration. “The so-called Abrupt Margin* theme that we will be exploring in this acreage is a core growth driver for the future. In particular, we are targeting the same theme in exploration licenses in French Guiana, where a promising discovery has already been made, and in Mauritania.”

Total is already present in exploration activities in Côte d’Ivoire as operator of the CI-100 deep offshore license with a 60% participation. This license covers a surface of 2,000 km2 in water depths from 1,500 to 3,100 metres. A complementary seismic campaign of 1,000 km2 was launched end 2011 in order to finalize the 3D studies of the whole permit. First exploration drilling is planned for end 2012.

Total in Côte d’Ivoire

The Group is also active in refining via its interest in the Société Ivoirienne de Raffinage (SIR) refinery and in marketing, with a service station network that makes Total Côte d’Ivoire the country’s leading fuel retailer.

Subsea World News Staff , February 17, 2012;  Image: Total

Share this article

Follow Subsea World News

Events>

<< May 2015 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Offshore Well Control 2015

Safety Culture: Access innovative case studies on safety culture and leadership to ensure quality control, risk mitigation and process…

read more >

Fundamentals of Offshore Field Development

The course delivers the detailed knowledge required, along with management strategies, for you to successfully engage in the sector…

read more >

Fundamentals of Subsea Integrity & Reliability

The course is delivered by distance learning so it does not disrupt your work or home life, and is an invaluable introduction to this vital…

read more >

Pipeline Engineering, Construction and Operations

Pipelines are generally the most economical way to transport large quantities of liquids and gases over land and below the sea, such as oil…

read more >