Ivory Coast hails ‘major’ oil discovery ...Middle East

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Ivory Coast hails ‘major’ oil discovery
ABIDJAN: Ivory Coast on Wednesday reported a “major discovery” of oil and natural gas offshore after deepwater exploration by Italian firm Eni.Energy minister Thomas Camara said the find was estimated at between 1.5 and 2 billion barrels of oil and around 51 million m³ of gas.He said the development would “greatly increase Ivory Coast’s proven reserves in the coming years”.The 3,445-metre-deep well was drilled about 60 km off the coast in 30 days, Eni said.The firm added that it would now carry out a further evaluation of the wider potential of the find.In a 2019 investment worth $185 million (RM 769.2 million), Ivory Coast signed contracts with Eni and French firm Total to explore the possi

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