1. PETROCI & ITS FUTURE PROJECTS

2. Located in West Africa
French Speaking Country
Independant since 1960
Population of 18 Millions inhabitants
Economy Mainly relying on Agriculture
Many Industrial Companies, among which PETROCI

3. SUMMARY 1. INTRODUCING PETROCI 2. ORGANISATION OF PETROCI
3. PETROCI ACTIVITIES
4. ANALYSIS & RESEARCH CENTER
5. PETROCI LPG
6. NATURAL GAS
7. TRADING
8. PERSPECTIVES IN E & P
9. CONCLUSION

4. 1. INTRODUCING PETROCI (1)
National oil company of Cote d’Ivoire,
PETROCI, created on October 21st, 1975, with a main objective to promote oil and gas exploration as well as exploitation.
Areas of dedication :
Exploration & Production of Hydrocarbons and related substances;
Transport, Storage, Refining and Marketing of these products;
Participation in any activity within the hydrocarbon sector to be carried out through PETROCI;
PETROCI dedicated to furthermore carry out any mission of general interest which the Government may entrust in;

5. 1. INTRODUCING PETROCI (2)
Petroleum Research History:
It started in our sedimentary basin in It was first onshore, with a few wells drilled. There, shows of bituminen sands were found, drawing the attention of explorators on the Cote d’Ivoire oil potentiel. .
It then got developed from the 1970’s, with majors such as ESSO, Philips Petroleum, AGIP and Tenneco.
In 1978, the “Bélier” field was found in the Grand-Bassam offshore.
Since then, research intensified, and lead to more than Km of 2D seismic, Km² of 3D seismic, and more than 200 wells drilled at depth over 2500m.
Today, PETROCI has developed exploration, and several oil companies collaborating with PETROCI actively participate in promoting and developing our basin.

6. 1. INTRODUCING PETROCI (3)
Means
Equity : About 40 Millions USD;
Joint ventures;
Setup of any related subsidiary companies, locally and/or abroad;

7. PETROLEUM CONCESSIONS
31 Blocks :
25 Licensed
4 Open (1 Onshore Block & 3 Deep Offshore Blocks)
2 to be licensed

8. EXPLORATION OPPORTUNITIES BLOCK CI-109
Area : km²
No Wells Drilled
Seismic Data :
2D Survey : 6068 km

9. EXPLORATION OPPORTUNITIES BLOCK CI-112
Area : km²
Well Drilled :
Total : 1
WD : 1735 m
TD : 3100 m (3073 m TVDSS)
Formation at TD : Albian
Seismic Data :
Pre-existing 2D : 1971 km
1999 2D Survey : 2293 km
2001 3D Survey : 1200 km²

10. EXPLORATION OPPORTUNITIES BLOCK CI-300
Onshore Block
Area : km²
Wells Drilled : 4
Adiadon-1
Groguida-1
Grand-Lahou-1
Grand-lahou PCI.
Seismic Data :
2D Surveys : 637 km

11. EXPLORATION OPPORTUNITIES BLOCK CI-400
Offshore Block
Area : 707 km²
Wells Drilled : None
Seismic Data :
2D Surveys : 505 km
3D Surveys: 270 km2

12. E & P ACTIVITIES THE SEDIMENTARY BASIN
TOTAL ACREAGE : km2
ONSHORE : km² (12 %)
m (WD) : km² (13 %)
m (WD) : km² (5 %)
m (WD) : km² (9 %)
m (WD) : km² (22 %)
3 000 – m (WD) : km² (39 %)

13. E & P ACTIVITIES 1. OIL PRODUCTION 2004 2005 2006 2007
Oil Production (Millions of barrels)
2004
2005
2006
2007
National Production
8.04
14.48
22.22
17.54
PETROCI Share
0.88
1.48
2.25
1.77
2. GAS SALES
Gas Sales (billions of cubic feet)
2004
2005
2006
2007
National Production
50.83
56.28
52.85
48.78
PETROCI Share
10.55
11.85
10.46
9.70

14. E & P ACTIVITIES ACTUAL PRODUCTION
ESPOIR
FOXTROT
LION & PANTHERE
BAOBAB
≈ 55 mboepd

15. E & P ACTIVITIES (Oil Companies Operating in Côte d’Ivoire)
SAP
EXXON
PHILIPPS PETROLEUM
PETROCI
AGIP
TENNECO
TOTAL
DEVON ENERGY (former OCEAN ENERGY)
APACHE
SHELL
SANTA FE
CNR
FOXTROT INTERNATIONAL
VANCO
ORANTO
TULLOW OIL
EDISON
AL THANI
C & L NATURAL RESSOURCES
LUKOIL OVERSEAS
E & P Ltd

16. EXPLORATION OPPORTUNITIES
EXPLORATION OPPORTUNITIES IN CÔTE D’IVOIRE
EXCELLENT GEOLOGICAL DATA BASE
GREAT EXPLORATION POTENTIAL
SEVERAL PROSPECTS TO BE DRILLED

17. 5. ANALYSIS & RESEARCH CENTER
Its missions are:
Ensure a better geological knowledge of the basin, from sedimentology, stratigraphy, geochemistry studies, in order to put in evidence areas where oil could be accumulated.
Ensure confidentiality by analysing data in site
Reduce analysis costs by doing them in site, instead of abroad.
Valorise national competences
Diversify regional and national provisions of services, based on qualified personnel and high-tech material.
Drilling samples & cores in a storage room

18. 5. PETROCI LPG
* PETROCI is also present in the market with LPG. Its objective is to substitute to energies such as cole or wood. As a direct effect, that will stop the rapid decrease of our forests.
* To do so, PETROCI has done substantial investments with regard the requalification unit to recycle old or used gas bottles.
* This has increased national consumption from tons in 1993 to tons in 2005.

19. 6. NATURAL GAS STAKES, OBJECTIVES, COMPETITION : 1- Strategic Value:
Cote d’Ivoire has important Natural Gas reserves. In its political energy, the government has decided to maximize the use of natural gas for the following reasons :
Replace oil by natural gas, and thus better balance the national energy consumption.
To reinforce the security of supplies while allowing saving in currencies.
To reduce the environmental impacts.
To allow a greater use of natural gas in industry by making it available and cheap to industries which need it for their development.

20. 7. TRADING CRUDE OIL : LOCAL PRODUCTION : BAOBAB & ESPOIR
BBL/DAY
PETROLEUM PRODCUTS :
GASOLINE - JET - GASOIL - FUEL OIL
MT/year
NATURAL GAZ
Production 160 MCFD/year
BUTANE
Conso MT/year (2007)
Production MT/year (2007)

21. SEISMIC SURVEY PROJECT IN THE TRANSITIONAL ZONE
ABIDJAN
8. PERSPECTIVES in E & P (1)
SEISMIC SURVEY PROJECT IN THE TRANSITIONAL ZONE
Area for transitional new 2D survey
Old 3D Data
Old 2D Data

22. 8. PERSPECTIVES in E & P (2)
The national oil company of Côte d’Ivoire is interested in acquiring a 2D seismic survey in the transitional zone, offshore Côte d’Ivoire sedimentary basin.
The purpose of this project is to get geological informations in the near shore and between 0 and 50 meters of water depth.
Basic acquisition parameters
Type of survey : 2D
Survey size : 2200 sq km
SP interval : 25 m
Sample rate : 4 ms
Record length : 5 sec
Cable length : 6000 m
Nom’l coverage : 60 fold
This typical acquisition in the transitional zone required specific equipments, therefore the acquisition parameters will be well defined when the adequate equipments would be selected.
(Approximative cost : $ US - seismic data processing cost included -).

23. NEW 2D SEISMIC ACQUISITION
PGS, in co-operation with Petroci, has acquired 6,500 km of Multi-Client 2D data offshore Côte d’Ivoire.
The wole area is currently unlicensed, and it is planned to be part of a licensing round in the near future.

24. 9. CONCLUSION
Côte d ’Ivoire has high hopes for its deep offshore, and has ambitions to turn Abidjan into an important sub-regional center of petroleum activities (refining, petrochemicals, storage, trade, etc).
In the light of the Baobab discovery in 2001, there has been since a particularly growing interest for the deep and ultra deep offshore of the Cote d’Ivoire sedimentary basin.
Significant exploration and production events are expected to occur in the next few years. Please join us to share them.

25. THANK YOU FOR YOUR ATTENTION