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Operator Vitol plans a well to test the Aigle prospect on Block CI-508, in deep water south of San Pedro. Partner Genel Energy said in a 20 October operations update that drilling was set to start towards the end of 2015. The well is targeting significant oil prospectivity in stacked Cretaceous reservoirs and will take approximately 50 days to complete, Genel said. Results will be closely watched by African Petroleum, which is seeking partners for two adjacent blocks.

Côte d'Ivoire
Subscriber

Azonto Petroleum has agreed to sell its 35% stake in Vioco Petroleum to joint-venture partner Vitol, which holds the other 65 percent. Faced with delays and cost increases to the planned Gazelle gas field development, Azonto said it had concluded that a sale was the best way to realise value from its stake in Block CI-202. It said selling up now saved it from committing to a work programme that it could not finance, and that it could potentially consider alternative asset acquisitions.

Côte d'Ivoire
Subscriber

Azito Energie on 30 June marked the commercial start-up of phase 3 of its 430MW combined-cycle gas turbine (CCGT) power plant in Abidjan with a ceremony attended by President Alassane Ouattara. The original simple-cycle facility of 290MW has been converted to a 430MW CCGT power plant via the addition of a condensing steam turbine, powered by the gas turbines’ exhaust heat. Azito is now one of the most modern, efficient power plants in West Africa, and provides 25% of Côte d’Ivoire’s total electricity capacity.

Côte d'Ivoire
Subscriber

Houston-based Endeavor Energy has entered into a joint development agreement with Ivorian company Starenergie2073 to develop the 375MW Songon gas-to-power project using imported liquefied natural gas (LNG). The project will include a combined-cycle gas turbine plant, purpose-built LNG import infrastructure and a floating storage and regasification unit (FSRU), along the lines of Endeavor’s Ghana 1000 project.Endeavor said it would own a majority of the project equity, and provide construction management, fuel management and commercial management services. The project is expected to reach financial close in December.

Côte d'Ivoire
Subscriber

The International Tribunal of the Law of the Sea (Itlos) has rejected Côte d’Ivoire’s request to order Ghana to suspend operations on Tullow Oil’s TEN development until a decision can be reached on the two countries’ maritime boundary dispute. The Hamburg-based Tribunal’s Special Chamber ruled that no new drilling should take place in the disputed area, but that suspending the existing development risked damaging the marine environment. The two governments will now decide between them how the decision should be implemented.

Ghana | Côte d'Ivoire
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The Vienna-based Organisation for International Economic Relations and United Nations Industrial Development Organisation (Unido) are providing an $800,000 grant to support a Solar Light for All initiative to supply off-grid, rural communities in Côte d’Ivoire and Ghana. Solar Light for All is an initiative set up by the Austria-based Energy Globe Foundation, a non-profit organisation founded by Wolfgang Neumann.

Ghana | Côte d'Ivoire
Subscriber

Azonto Petroleum plans to re-tender the construction package for the Gazelle gas project in a bid to push down costs. The Australian company said Italy’s Rosetti Marino had quoted it a higher-than-expected lump-sum price for the offshore and onshore project elements. “In order to achieve a realistic breakeven gas price, and to capitalise on current downward pressure on drilling and other construction costs, the Vioco board therefore has decided to re-tender the construction package. This will result in a delay in sanctioning the Gazelle project,” Azonto said in a 31 March statement.

Côte d'Ivoire
Subscriber

The government of Côte d’Ivoire has asked the International Tribunal for the Law of the Sea (Itlos) to order Ghana to suspend operations on the TEN development until a decision can be reached on the two countries’ maritime boundary dispute. A full verdict from the Hamburg-based tribunal is expected towards the end of 2017. TEN operator Tullow Oil said a decision on the Ivorian request should be handed down before the end of April 2015. Ghana took the dispute to the tribunal last year in an effort to resolve the long-running dispute after bilateral negotiations failed to make significant progress.

Ghana | Côte d'Ivoire
Subscriber

Foxtrot International has made a gas discovery with the Marlin North-1 well on offshore Block CI-27. RAK Petroleum said the well flowed gas and oil from the Turonian and Lower Senonian intervals, neither of which had previously tested hydrocarbons on the block. A 22-metre perforated section of the gas-bearing column in the Turonian flowed 25mcf/d of gas and 150 b/d of condensates through a 46/64 inch choke, while in the Lower Senonian, an 11-metre perforated section of the oil-bearing column flowed 1,525 b/d of 27° API oil and 0.6mcf/d of associated gas through a 28/64 inch choke.

Côte d'Ivoire
Subscriber

Managing director Rob Shepherd and finance director Andrew Rose have resigned from Azonto Petroleum following a review of the company’s operating structure and costs. Development of the Gazelle gas field has made only slow progress, chiefly because of the complexities of co-ordinating the upstream development with a planned gas-fired power plant, but Azonto affiliate Vioco received an Exclusive Exploitation Authorisation for the field in December. “This, coupled with progress being made in respect of the CI-Energies IPP project, means that momentum is clearly building as Vioco moves towards project sanction mid year.

Côte d'Ivoire
Subscriber

The Ivorian electricity supply sector has a substantial history of private sector development that is being eyed by potential entrants and existing players looking for investment opportunities in sub-Saharan generation and distribution. An eventual exit by US-headquartered private equity firm Emerging Capital Partners (ECP) from Paris-based holding company Eranove (formerly Finagestion) is one potential deal that is stimulating investor interest – even though, as yet, ECP has not indicated its plans for the asset.

Côte d'Ivoire
Subscriber

Temporary power provider Aggreko has announced a three-year contract extension for its 200MW gas-fired power project in Abidjan, with an option to extend it by a further two years. The Aggreko plant in the Vridi area was installed in 2010, with the first phase of the project producing 70MW. This was increased to 100MW in 2011 and to 200MW in June 2013. With a booming economy and GDP growth of around 9%, demand for energy has been increasing steadily in recent years.

Côte d'Ivoire
Subscriber

Azonto Petroleum announced on 18 December that its affiliate Vioco Petroleum had received an Exclusive Exploitation Authorisation (EEA) covering the Gazelle field in Block CI-202.The award of the EEA signed by President Alassane Ouattara follows approval of the field development plan for Gazelle by state oil company Petroci in October. Vioco is now working towards project sanction, which is expected in H1 2015, with first gas anticipated some 14 to 16 months later, in H2 2016.

Côte d'Ivoire
Free

ExxonMobil has signed production-sharing contracts (PSCs) for new ultra-deep blocks CI-602 and CI-603. The two blocks, in water depths of 3,000 to 4,000 metres, cover areas of 3,874km² and 5,543km² respectively. Six new ultra-deep blocks immediately south of the country’s existing acreage were unveiled at a roadshow in Houston on 14 October.Speaking at the signing ceremony in Abidjan on 16 December, oil minister Adama Toungara said Côte d’Ivoire had signed 22 new PSCs in the three years since Alassane Ouattara became president, and more than 20 development and exploration wells had been drilled.

Côte d'Ivoire
Subscriber

In another sign of the increasing depth of the renewable energy market in West Africa, Toronto Stock Exchange-listed EnerDynamic Hybrid Technologies Corporation’s Luxembourg-based subsidiary EnerDynamic Luxembourg RL has formed a joint venture company with Ouagadougou-based Sopam SA, called Maple Leaf Energy SA, to be based in Côte d’Ivoire. Maple Leaf will sell micro hybrid energy products, including micro wind, solar and battery back-up systems. The systems are aimed at households in West Africa and can operate off-grid or feed into the national power network.

Côte d'Ivoire