OVL looking for another 'Jubilee' off Ivory Coast

Vol 18, PW 3 (25 Sep 14) People & Policy

ONGC Videsh (OVL) is again looking at the West African coast, spurred by the success of Tullow Oil and Kosmos Energy with their massive Jubilee discovery off Ghana in 2007.

Under scrutiny are three exploration blocks and a possible partnership with Petroci, Ivory Coast’s national oil company. Two blocks are offshore and one onshore.

These are among the last four blocks still available from 28 oil and gas blocks offered by Ivory Coast. “Our technical team is evaluating data for the three blocks which we were given in July,” confirms OVL.

“Then we’ll do a commercial analysis. But we’re only seriously interested in the offshore blocks.

All recent discoveries in Ivory Coast are offshore.” OVL is evaluating 6068-lkm 2D for 4351-sq km deepwater block CI-109 in the country’s western San Pedro basin in water depths of 1000 metres to 2500 metres; it is also looking at 842-lkm of 2D data and 309-sq km 3D data for the 706.5-sq km deepwater block CI-400 near the producing Baobab field.

Petroci is also offering OVL a stake in the 2865-sq km onshore block CI-300. OVL adds the Ivorian government is in a rush to begin production as it wants to follow the example of Ghana which took just three years to bring the Jubilee field onstream.