Côte d’Ivoire’s oil and gas exploration company Foxtrot International, along with GDF Suez and Petroci, is investing US$1bn to drill offshore wells from 2015
Through the series of planned explorations, Foxtrot International hopes to secure production of natural gas for the next 10 years.
According to Ventures Africa, the investments will be directed to drilling seven new wells and building a new gas platform in Foxtrot International’s Marlin gas field, which is expected to go online in 2015.
Christian Sage, managing director of Foxtrot International, said, “The drilling will start in July 2014 and will last over a year. We are currently producing 3.9 cu/m per day. With this investment, we will secure production for at least 10 years.”
A Reuters report stated that Côte d’Ivoire’s gas output was around 6.2mn cu/m of gas per day last year. The government is targeting production of around seven million cubic metres per day in 2014. Most of the gas is used to produce electricity. The West African nation also imports power to Ghana, Burkina Faso, Benin, Togo and Mali and has plans to connect Liberia, Guinea and Sierra Leone to its power grid.
