Total (TOT, FP.FR) Friday said it signed production
sharing agreements with the
Ivory Coast
state and national oil company Petroci for three new ultra-deep offshore
licenses.
MAIN FACTS:
- Total will operate the CI-514 license with a 54%
interest, in partnership with Canadian Natural Ressources International (36%)
and Petroci (10%). Total will also hold a 45% interest in the CI-515 and CI-516
licenses, alongside Anadarko (45%) and Petroci (10%). For each block Total will
become the operator upon the first commercial discovery.
- The licenses are situated approximately 100
kilometres offshore
Ivory Coast
and cover an area of 3,200 square kilometres with water depths ranging from
2,000 to 3,000 metres.
- The work program includes a 3D seismic survey of the
whole acreage and one well to be drilled on each block during the initial
three-year exploration period.
-
Total is already present in exploration activities in
Ivory
Coast
as operator of the CI-100
deep offshore license with a 60% participation. This license covers a surface
of 2,000 km2 in water depths from 1,500 to 3,100 metres. A complementary
seismic campaign of 1,000 km2 was launched end 2011 in order to finalize the 3D
studies of the whole permit. First exploration drilling is planned for end 2012.