Vaalco Energy has farmed into the CI-705 block offshore C\u00f4te d\u2019Ivoire. Vaalco will become operator of the block with a 70% working interest and a 100% paying interest though a commercial carry arrangement and is partnering with Ivory Coast Exploration Oil & Gas SAS and PETROCI.
The CI-705 block is located in the prolific Tano basin and is approximately 70 km to the west of Vaalco\u2019s CI-40 Block, where the Baobab and Kossipo oil fields are located, and 60 km west of Eni\u2019s recent Calao discovery. Block CI-705 covers approximately 2,300 sq km and is lightly explored with three wells drilled to date on the block. The water depth across the block ranges from zero to 2,500 m. Vaalco has invested $3 million to acquire its interest in the new block which it believes has significant prospectivity.
\u201cUnder the terms of the farm-in, we will operate the block with a 70% working interest and a 100% paying interest as we carry our partners at commercial terms through the seismic reprocessing and interpretation stages and potentially drilling up to two exploration wells,\u201d said George Maxwell, Vaalco\u2019s Chief Executive Officer. \u201cOur initial assessment is that there are both oil and natural gas prospects on the block and we plan to conduct a detailed, integrated geological analysis to assess and mature our understanding of the block\u2019s overall prospectivity.\u201d\uff082025-03-03\uff09<\/p>\n","protected":false},"excerpt":{"rendered":"

Vaalco Energy has farmed into the CI-705 block offshore C\u00f4te d\u2019Ivoire. Vaalco will become operator of the block with a 70% working interest and a 100% paying interest though a commercial carry arrangement and is partnering with Ivory Coast Exploration Oil & Gas SAS and PETROCI.The CI-705 block is located in the prolific Tano basin …<\/p>\n

Vaalco acquires 70% interest, becomes operator of CI-705 Block<\/span> \u66f4\u591a \u00bb<\/a><\/p>\n","protected":false},"":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[40],"tags":[],"_links":{"self":[{"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/posts\/13723"}],"collection":[{"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/types\/post"}],"":[{"embeddable":true,"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/comments?post=13723"}],"version-history":[{"count":1,"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/posts\/13723\/revisions"}],"predecessor-version":[{"id":13726,"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/posts\/13723\/revisions\/13726"}],"wp:attachment":[{"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/media?parent=13723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/categories?post=13723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oktcz.com\/en\/wp-json\/wp\/v2\/tags?post=13723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}//