Abidjan, Cote d’Ivoire
Norway’s DNO buys into Cote d’Ivoire
DNO is diversifying beyond its usual regions of operation and plans further expansion
Oslo-listed RAK Petroleum has agreed to transfer its 100pc ownership of subsidiary Mondoil Enterprises to Norwegian operator DNO for $117.25mn. Mondoil in turn has a 33pc indirect interest in privately held and Abidjan-based Foxtrot International, which holds stakes in two Cote d’Ivoire blocks, CI-27 and CI-12. Foxtrot International operates Block CI-27 with a 27.27pc interest, and DNO’s indirect interest will equate to 9.09pc. The block contains “the country’s largest reserves of gas”, according to DNO, and its four in-production offshore fields and two fixed platforms together account for three-quarters of domestic gas needs. The four fields comprise Foxtrot—the first to start production i
Also in this section
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs
11 March 2025
Iran, Iraq, Venezuela, Nigeria and Kazakhstan all add significant volumes as core OPEC-9 feels the strain of compliance
