Côte d’Ivoire: Gasol Foxtrot acquisition pre-empted

Issue 272 - 04 Mar 2014 | 1 minute read

The partners on Block CI-27 have pre-empted Gasol’s planned purchase of Energie de Côte d’Ivoire and its 12% stake in the block (AE 269/15). The AIM-listed company said the seller, GDF Suez E&P International, had informed it that the existing partners had exercised their pre-emption rights and the acquisition could not proceed. The CI-27 fields produce about 137mcf/d of gas and 1,000 b/d of liquids. The gas is piped to Abidjan for sale to power producers under long-term contracts, and production from CI-27 accounted for more than 65% of Côte d’Ivoire’s gas production in 2012.

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