Côte d'Ivoire signs five production sharing contracts (CPP), with American Murphy on Wednesday, June 14, 2023. These contracts relate to the exploration of the Ivorian sedimentary basin

The State of Côte d'Ivoire, through Petroci Holding, and the American Murphy Exploration & Production Group have signed five Sharing and Production Contracts.

The agreement covers the CI-102, CI-103, CI-502, CI-531, and CI-709 oil blocks. According to Minister Mamadou Sangafowa-Coulibaly, the signing of these CPPs is an opportunity to boost the development of the Ivorian oil sector. Apart from the CI-102 oil block, the other blocks are located in deep water. The allocation of these blocks to Murphy will increase exploration of the Ivorian sedimentary basin and, ultimately, increase the supply of natural gas to the electricity sector