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Oil & Gas Technical Compendium

Perenco boosts Ivory Coast’s oil goals with operator bid

Perenco is in talks to become the main operator in one of four oil and gas producing blocks in Ivory Coast, according to two people familiar with the matter.The Anglo-French oil company is seeking to buy a controlling stake in block CI-11, currently operated by a consortium that includes the state-run company Petroci, which has a 68% stake.Under the deal, Perenco will operate the asset and hold about 51% of the shares, one of the people said. Each member of the consortium will transfer shares to make up the total, he said, without detailing how much the company would pay for them.A London-based spokesman for Perenco declined to comment and a Petroci spokesman referred Bloomberg to the energy ministry. A spokesman at the ministry declined to.....

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