• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 day Is Europe heading for winter of discontent with extensive gas shortages?
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 hours Hopes Are Dashed For International Oil Companies In North Iraq
  • 2 hours The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 13 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 2 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 5 days Changing Gazprom ADRs to Russian shares
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Editorial Dept

Editorial Dept

More Info

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…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News