Côte d’Ivoire: Gasol buys into gas block

Gasol has agreed to buy upstream company Energie de Côte d’Ivoire (Enerci) from GDF Suez E&P International. Enerci is an Ivorian-registered company that owns a 12% stake in the gas-producing CI-27 licence that includes the Foxtrot field. “The acquisition provides us with an opportunity to bring a revenue-generating, profitable and self-funding asset into the group and, as such, represents a key milestone in our development as well as a stable, financeable cash-flow base from which to grow,” said Gasol chief operating officer Alan Buxton.