Africa's Latest Exploration Hotspot Set to Triple Oil Production

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Africa News

Oil,Ivory Coast,Exploration

Cote d'Ivoire has been producing crude for years and is set to triple its output by 2027 thanks to the recent oil and gas finds in its waters

As oil majors return to offshore exploration, West Africa 's deepwater has become a key drilling target for some of the biggest international companies. Cote d'Ivoire and Namibia have been the hottest exploration areas in recent years, yielding some huge oil and gas discoveries. While Namibia has yet to launch its own crude oil production , Cote d'Ivoire has been producing crude for years and is set to triple its output by 2027 thanks to the recent oil and gas finds in its waters.

If Eni manages to fast-track the Calao development as it did with Baleine, the West African country could further boost its oil and gas production. Cote d'Ivoire's producing Baobab offshore field has recently attracted the attention of Houston-based Vaalco Energy, which acquired earlier this year Svenska Petroleum Exploration, a Swedish privately-held firm, whose primary asset is a 27.39% non-operated working interest in Baobab.

Oil Ivory Coast Exploration Oil Production

 

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