Perenco is in talks to become the main operator in one of four oil and gas producing blocks in Ivory Coast, according to two people familiar with the matter.
The Anglo-French oil company is seeking to buy a controlling stake in block
CI-11, currently operated by a consortium that includes the
state-run company Petroci, which has a
68% stake. Under the deal, Perenco will operate the asset and hold about 51% of the shares, one of the people said.
Each member of the consortium will transfer shares to make up the total, he said.