Qatar Petroleum to farm in to two exploration blocks in Côte d'Ivoire

Qatar Petroleum has entered into a farm-in agreement with Total SA to acquire a 45% participating interest in Blocks CI-705 and CI-706 in the Ivorian-Tano basin, offshore the Republic of Côte d'Ivoire. Terms were not disclosed.

The two blocks cover 3,200 sq km, and present multi-target hydrocarbon prospects in water depths of 1,000-2,000 m, 35 km from shore and about 100 km from nearby Foxtrot, Espoir, and Baobab fields.

The agreement is subject to customary approvals by the Côte d'Ivoire Government.