Côte d’Ivoire: CI-27 gas field expansion

The World Bank has agreed a partial risk guarantee (PRG) worth $60m to support the planned expansion of the Block CI-27 gas field. The PRG will support Côte d’Ivoire’s guarantee obligations for the gas payments, a gas supply and purchase agreement between the government and the CI-27 joint venture partners, Foxtrot International, Bouygues subsidiary Seci, Suez subsidiary Enerci and state oil company Petroci. The project involves upgrading the Foxtrot platform to maintain the availability of clean natural gas for lower cost power generation.