Ivory Coast awards Tullow Oil two new oil, gas blocks

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Ivory Coast awarded Tullow Oil Plc two new oil and gas blocks on Jan. 17, including one along the maritime boundary with Ghana, government spokesman Bruno Kone said.

Africa-focused Tullow now holds stakes in nine Ivorian blocks, eight of which it has picked up since an international tribunal in September ruled in favor of Ghana in a dispute over the countries’ sea border.

It also has a 21.33% position in Ivory Coast’s Espoir Field, which is operated by Canadian National Railway Co.

Speaking after a cabinet meeting, Kone said the government had awarded Tullow blocks CI-520, an onshore block near the commercial capital Abidjan, and CI-524, which is adjacent to its acreage in Ghana.

Tullow operates the Jubilee oil and gas field in Ghanaian waters and is developing the TEN fields.

Having emerged from one of the longest downturns in the sector’s history, Tullow is now cautiously reviving its search for new oil and gas resources in Africa and Latin America.

Culled from E&P

ABOUT: Nana Kwesi Coomson

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A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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