new elephants sunflower oil production line in ivory coast

   
new elephants sunflower oil production line in ivory coast
                                               
                                               
                                               
                                               
  • new elephants sunflower oil production line in ivory coast
Will Ivory Coast increase oil production more than threefold by 2027?

Offshore Technology · Mino Surkala/Shutterstock. Ivory Coast is on track to increase its oil production more than threefold by 2027, reported Reuters, citing an announcement by President Alassane Ouattara. The anticipated rise in production is attributed to the development of the Baleine and Calao offshore fields.

When will the Baleine Oil & Gas project start?

This investment is scheduled to be made in three phases from 2023 to 2027. The Baleine field, discovered in 2021 and commencing production in August 2023, boasts certified reserves of 2.5 billion barrels (bbbl) of oil and 3.3 trillion cubic feet of natural gas.

How much oil will Ouattara invest in the next 5 years?

Ouattara, addressing a joint session of parliament, revealed plans for more than $15bn (CFA Fr6.1trn) of investment in the oil sector, projecting an increase in output from the current 60,000 barrels per day (bpd) to approximately 200,000bpd within the next five years. "It will be a spectacular leap," Ouattara stated.