Petroleum Africa
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Thursday, October 26, 2017
In a bid to increase its oil and gas production, Cote d’Ivoire launched a new licensing round on October 25. The West African country is offering up 22 new blocks for licensing according to the country’s oil minister, Thierry Tanoh.
Tanoh said there was no time limit on the round but the government wanted to carry it out quickly and efficiently. “If we get an expression of interest from one party for a block, we will negotiate with them directly. If several express interest, then there will be a bidding process for that block,”Tanoh told Reuters.
Of the 22 concessions to be promoted, all but one of them are offshore.
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