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ICE OIL & GAS signs production sharing agreement with the State of Côte d’Ivoire

ICE OIL & GAS has signed a production sharing agreement with the State of Côte d’Ivoire on offshore block CI-705. This production sharing agreement is part of the company’s vision to strengthen the energy autonomy of Côte d’Ivoire and the West African sub-region.

Block CI-705 is a 2289 km 2  exploration block, located offshore Grand Lahou at a water depth of up to 2500 m. ICE OIL & GAS has a seven-year exploration period and is committed to investing at least US$40 million in hydrocarbon exploration. 
The investment programme will be supported by strategic technical and financial partnerships, sharing the risks inherent in exploration.

ICE OIL & GAS will be operator with a 90% stake, while the national Ivorian company Petroci will have an initial 10% stake, in accordance with local laws & Our expertise in the oil industry and our nowledge of the Ivorian sedimentary basin in particular were decisive in the award of this block.

This contract marks a significant first step in our strategy to develop our exploration portfolio. We look forward to exploring this block and initiating geological and geophysical studies in this high-potential area & said Philippe N’DA, CEO of ICE OIL & GAS.

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Dr. N’DA Loukou Victor

Research Director, Geologsit, Biostratigraphy Specialist

Victor has over 30 years’ experience at Petroci .
He held the position of Laboratory Manager as a specialist in biostratigraphy. He participated in the work and drafting of the 1990 and 2010 Ivorian sedimentary basin petroleum assessment reports for the Côte d’Ivoire Ministry of Energy. He contributed to the preparation of documents for the promotion of the Ivorian sedimentary basin in Denver. As an expert in maritime boundary delimitation and a member of the National Maritime Boundary Commission, he has participated in numerous international workshops and congresses. Victor has published research articles in the international biostratigraphy press.
Victor holds a PhD in Geology of Mineral and Energy Raw Materials from PAU University in collaboration with ELF Aquitaine. He also holds a DEA in Geology, Geochemistry and Advanced Techniques from the University of Nice, and trained as a Biostratigraph specialist at the AGIP Laboratory in Milan.

Faustin ALLANGBA

Engineering and Production Manager

Faustin has more than 30 years of experience in the oil & gas industry.
He was Engineering and Production Manager at Petroci. Faustin was Technical Advisor to Petroci’s CEO and Director of the LION GPL natural gas production plant, which supplies butane gas to the domestic market. Faustin is a lecturer in reservoir and production engineering at INP-HB Yamoussoukro. He holds a master’s degree in petroleum engineering and Technical Management from the University of Tulsa, Oklahoma, USA.

Theodore KOFFI

Exploration Manager

Theodore has over 25 years’ experience in the oil and gas industry.
He was director of Petroci’s Center of Analysis and Research. This geological and petroleum analysis laboratory, a partner of Core Laboratories, offers a complete service in biostratigraphy, sedimentology, geochemistry and sequence stratigraphy. Theodore has been the lead geologist for most of the fields in the Côte d’Ivoire basin.
Prior to this, Theodore was a geologist with Phillips Petroleum in Oklahoma and Phillips Petroleum Côte d’Ivoire. Theodore is a geologist and graduated from the University of Abidjan and the Bartlesville Petroleum Institute, Oklahoma-USA.

Sergio LAURA

Vice President Exploration

Sergio has 38 years of energy industry experience.
At ENI, he held the position of General Manager Côte d’Ivoire in 2018 and was a major player in the discovery of the giant Baleine-1x field in 2021. Sergio was Vice President West Africa (Angola Congo CIV, Gabon Ghana Kenya Mozambique, Nigeria, General Manager Eni Ghana, Poland, India, Indonesia. Prior to this, Sergio was Exploration Manager at AGIP in London and Milan. Sergio LAURA earned a master’s degree in geology from the University of Genoa, Italy.

Philippe N’DA

Managing Director

Philippe founded ICE OIL & GAS in 2022, bringing together experts in the upstream oil sector to lead exploration projects in West Africa.
For more than 10 years, Philippe has been developing his knowledge of the sector, particularly in exploration services and in the trading of petroleum products. He also developed local content for seismic acquisition projects in Côte d’Ivoire. Prior to this, Philippe began his career as a Credit Analyst at Natixis and Calyon, then as a Derivatives Broker at GFI Securities in Paris. Philippe holds a master’s degree in finance from London Middlesex Business school and a master’s degree in management from University of Paris XII.

Jacques N'DA

President

Jacques has 40 years’ experience in the oil and gas industry. 

He worked at PETROCI where he has held technical and management positions including Geophysical Department Manager, Foxtrot-Gas Project Manager and Director, Technical Advisor to CEO. 
He actively contributed to the synthesis of the Côte d’Ivoire sedimentary basin and supervised the 1990 and 2010 Petroleum Evaluation Reports with Beicip and Petroci on behalf of the Ministry of Energy.
At Petroci, he negotiated and executed numerous PSCs and Seismic Acquisition Contracts that enabled the appraisal and production of oil and gas reserves in Côte d’Ivoire, in partnership with international oil companies.
Jacques is a geophysicist from IPG, Institut de Physique du Globe de Strasbourg, 1977.