HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Ivory Coast reports 'majo...

Thu Sep 2, 2021, 10:42 AM

Ivory Coast reports 'major' offshore oil discovery

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 1.8-2.4 trillion cubic feet (51 million cubic metres) 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 kilometres (40 miles) 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.


Good. At the current global consumption rate of about 100 million barrels / day, that extends the end of the Oil Age by another 20 days.

When 2 billion barrels is a "major" discovery, we are getting close to the end.

1 replies, 298 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Ivory Coast reports 'major' offshore oil discovery (Original post)
Klaralven Sep 2 OP
maxrandb Sep 2 #1

Response to Klaralven (Original post)

Thu Sep 2, 2021, 11:03 AM

1. Hmm, I had Iran

in the "next military contractor gravy train" war Bingo game.

I may have to reconsider that now.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread