Home International Business Tullow buys 90 percent stakes in four onshore blocks in Ivory Coast

Tullow buys 90 percent stakes in four onshore blocks in Ivory Coast

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Tullow Oil plc said on Thursday it had bought 90 percent stakes in four onshore blocks in Ivory Coast while state oil company Petroci holds the remaining 10 percent.

The four blocks cover 5,035 square km 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 Ivory Coast, said it intends to initiate work immediately on the four new licences to allow surveying to start in early 2018.

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