3.750
%
Negative
65
mm boe
36
%
Following periods of political instability in Cote d’Ivoire, measures have been taken by the government to encourage hydrocarbon investments. However, given the increased interest shown by operators in countries along the Atlantic margin, the potential exists for the government to tighten the fiscal terms.
February 2, 2024
Africa - West
mm bbl
bcf
Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia.
PSC/PSA
Companies operating in Côte d'Ivoire do so under a relatively simple PSC system, the structure of which includes bonuses, cost oil/gas available for the recovery of operating and capital costs as a fixed % of production, and profit oil/gas divided between the investor and the government on a sliding scale basis linked to either production shares or to an 'R Factor'. Profit share splits are negotiable; negotiated terms vary but generally reflect the level of expenditure and risk involved. Income taxes are paid by the State on the contractors behalf.
Côte d’Ivoire provides vital supply lines to the Sahel and wider Francophone West African region. Visits by US and World Bank representatives reflects its regional importance and strong bilateral relationship with the G7. Ivoirian authorities continue to prioritize structural reforms to improve the business environment, modernize public administration, increase human capital, and boost productivity and private sector development. With almost 70% of the target population vaccinated for COVID-19 and an economy that remained resilient throughout the pandemic, Côte d’Ivoire stands as an example of astute policymaking. The government’s National Development Plan and Strategy 2030 seeks to digitize the government for a more transparent and inclusive economy. It directs the government to implement policies in support of transforming the economy away from a commodity export focus to increase value-added processing contributions to GDP and job creation. Together, these efforts and its significant manufacturing base, second only to Nigeria in the region, offer opportunities for technology, ingenuity, and services.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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