Under
its
agreement
with
the
government
and
state-run
company
Petroci,
African
Petroleum
will
operate
the
1091
square
kilometre
permit
area
and
hold
a
90%
stake,
with
Petroci
holding
the
remaining
10%.
The
agreement
follows
African
Petroleum’s
recent
award
of
a
90%
stake
in
offshore
Block
CI-513
in
December
of
last
year.
The
company
said
its
exploration
programme
off
the
Ivory
Coast
would
target
deep-water
Upper
Cretaceous
sub-marine
fans
which
were
considered
to
have
similar
potential
as
discoveries
in
the
Tullow
Oil
operated
Jubilee
field
off
Ghana
and
Anadarko
Petroleum’s
Mercury…
