Tullow buys 90% stakes in four onshore blocks in Côte d’Ivoire

Tullow Oil said it on Thursday it had bought 90% stakes in four onshore blocks in Côte d’Ivoire while state oil company Petroci holds the remaining 10%.

The four blocks cover 5 035 km2 and are located on the coast, mostly to the west of Abidjan.

Tullow, which currently holds a non operated position in the Espoir offshore field in Côte d’Ivoire, said it intends to initiate work immediately on the four new licences to allow surveying to start in early 2018. Source: Engineering News