Ivory Coast’s Minister of Mines, Petroleum and Energy, Mamadou Sangafowa Coulibaly, has announced the country’s plans to fast-track the development of gas reserves in Blocks CI-523 and CI-525. The aim of these plans is to strengthen the resilience of the local electricity market through the provision of gas-fired power generation.
“These deposits, which have been awaiting development for several decades, require integrated development, which will boost our natural gas production capacity,” said the Minister.
The minister urged national oil company, Petroci, to accelerate the certification of available reserves in the blocks and the submission of a resource development plan to the government. Petroci expects the two blocks to provide domestic power generation capabilities with 60 million cubic feet of natural gas per day for at least 16 years.
The announcement follows Petroci having signed Production Sharing Contracts for the two blocks.