• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 13 mins China's Blueprint For Global Power
  • 4 hours Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 3 hours IMO 2020:
  • 5 hours Brexit agreement
  • 37 mins Idiotic Environmental Predictions
  • 2 hours The Problem Is The Economy, Not The Climate
  • 22 hours World Stocks Drop And Futures Tread Water After China Reports Worst GDP Growth In 30 Years
  • 3 hours Australian Hydroelectric Plant Cost Overruns
  • 13 hours The Ultimate Heresy: Technology Can't Fix What's Broken
  • 22 hours Deepwater GOM Project Claims Industry First
  • 1 day Why did Aramco Delay IPO again ? It's Not Always What It Seems.
  • 6 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel

GHANA-COTE D’IVOIRE: New Find, Old Maritime Dispute

Bottom Line: A new discovery by France’s Total SA (TOT) just inside territorial waters of Cote d’Ivoire will either exacerbate or speed up a resolution for a maritime boundary dispute between Ghana and Cote d’Ivoire.

Analysis: On 25 April, Total discovered oil in the Ivoire-1X exploration well, encountering 28 meters of net oil pay in 100 meters of Cretaceous reservoirs. The find is an extension of Total’s into the Tano Basin, in Ghana’s Jubilee fields. Effectively, now we know that Total’s Block CI-100 in Cote d’Ivoire has reserves that run into the Ghana fields. This was the first well drilling in Block CI-100. Total operates the block with 60% interest, in partnership with Yam’s Petroleum LLC (25%) and Petroci Holding (15%). The French giant has three other ultra-deep offshore licenses in Cote d’Ivoire.

Ghana - Cote D'Ivore

Cote d’Ivoire claims ownership of the billions of barrels of oil and cubic feet of gas reserves found in the deep waters near the coast of Ghana. This is a long-running maritime border dispute, but it picked up momentum in 2010, when Ghana began commercial oil production.

Recommendation: Due to the increasing stakes in this game, and what will certainly be increased pressure from major investors, there is a high potential that Ghana and Cote d’Ivoire will be in a more compromising mood over their disputed maritime border and that we will see some form of progress towards a resolution before the end of this year. Particularly, Cote d’Ivoire may be more willing to compromise now that there is a find that is definitively on its territory and it is assured of benefitting from these offshore resources.




Oilprice - The No. 1 Source for Oil & Energy News