Ivory Coast, the world’s top cocoa producer, is seeking to develop it long-neglected oil sector.
“The government adopted a communication regarding talks on four contracts to share production with companies Total and ENI,” Toure told journalists.
Total will operate offshore blocks CI-705 and CI-706, while ENI will operate blocks CI-501 and CI-504. Investment will total $185 million, including $90 million from Total and $95 million from ENI during the exploration period, he said.
Ivory Coast’s Petroci Holding would retain 10% of the consortium on each block, he said.
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