Total, offshore, Cote d'Ivoire, Petroci, Canadian Natural Resources

Total has acquired interests in three new ultra-deep offshore licenses in Côte d’Ivoire, after it signed production sharing agreements with the country's government and Petroci (Côte d’Ivoire's).

Owners of License CI-514 are: Total, operator, 54%; Canadian Natural Resources International, 36%; and Petroci, 10%. Total will also hold a 45% interest in the CI-515 and CI-516 licenses, alongside Anadarko, 45%; and Petroci, 10%.

For each block, Total will become the operator upon the first commercial discovery.

The licenses are situated approximately 62 miles (100 km) offshore Côte d’Ivoire and cover an area of 1,235 sq miles (3,200 sq km) with water depths ranging from 6,560 ft to 9,840 ft (2,000 m to 3,000 m).

The work program includes a 3D seismic survey of the whole acreage and one well to be drilled on each block during the initial three-year exploration period.