Total hits oil in deep offshore Ivory Coast

Total (TOT) says it found oil while drilling in an ultra-deepwater play off Ivory Coast, the first discovery in the San Pedro Basin frontier exploration area.

TOT says it found liquid hydrocarbon below 2,300 meters of water and will now evaluate the extent of the "very promising' find.

TOT operates the block and holds a 54% stake in the venture, with Canadian Natural Resources (CNQ) owning 36% and state player Petroci 10%.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs