
Ivory Coast: Perseus Reaches FID for Yaouré Gold Mine Expansion
The expansion marks the first mechanized underground mining project in Ivory Coast.
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The expansion marks the first mechanized underground mining project in Ivory Coast.
The project aims to sustain production at the existing Bonga facility, with first oil for the Bonga North extension expected by 2030.
The national oil company is also looking for a third-party partner to bring added value to the project.
Africa is attracting fresh oil and gas investments, aiming to leverage the increasing global demand for energy to enhance export revenue.
Angola, the Republic of Congo and Nigeria have secured final investment decisions from global energy majors for large-scale oil and gas developments.
Namibia anticipates a final investment decision (FID) to be made by operators on the Venus-1X and Graff-1X deepwater oil discoveries by the end of 2024
The Nigerian National Petroleum Corporation has announced plans to finalize the $25-billion Nigeria-Morocco pipeline project, which spans 13 countries to Europe.
The development of the Iseni gas field in Nigeria will boost the country’s electricity generation by 400 MW.
TotalEnergies expects to make a Final Investment Decision on the Matola LNG import terminal in Mozambique by September 2024, the company announced.
Early success in reconnaissance drilling at the Gamikaub prospect within Namibia’s Karibib Copper-Gold Project is a positive indication of further mineralization in the region.