• 4 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 12 minutes Western Canada Select price continues to sink
  • 18 minutes Starvation, horror in Venezuela
  • 2 hours WTI @ 67.50, charts show $62.50 next
  • 57 mins China still to keep Iran oil flowing amid U.S. sanctions
  • 13 mins Is NAFTA dead? Or near breakthrough?
  • 3 hours China goes against US natural gas
  • 3 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 3 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 5 hours Japan carmakers admits using falsified emissions data
  • 2 hours Corporations Are Buying More Renewables Than Ever
  • 2 days Renewable Energy Could "Effectively Be Free" by 2030
  • 2 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 19 hours Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 2 days Why hydrogen economics does not work
  • 1 hour Saudi Fund Wants to Take Tesla Private?
Alt Text

The Battle For Libyan Oil Is Heating Up

Libya's fragile political balance could…

Alt Text

Power Struggles In The DRC Are Hampering Energy Potential

The Democratic Republic of Congo…

Alt Text

New Players Enter The European Gas Game

With the expansion of the…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

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.

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…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





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