On 18 May 2020, French Major TOTAL SA entered a farm-out agreement with Qatar Petroleum in which the latter will acquire 45% participating interest in coastal to deepwater blocks CI-705 and CI-706, within the Cote dâIvoire Basin. The blocks were awarded to TOTAL in May 2019. Upon governmental approval, the ownership will be shared between TOTAL (operator with 45%), Qatar Petroleum (45%) and PETROCI holding the remaining 10% interest.    CI-705 covers some 1,160 sq km in      water ranging in depths between 0 and 700 m. To date, two exploratory      wells have been drilled within the area, both in 1984 within the shelf      portion of the block by Tenneco Oil Co (K1 1 and K1 2), and both were      plugged and abandoned as dry.   CI-706      covers some 753 sq km in water      ranging in depths between 1,000 and 2,500 m. To date, three exploratory      wells have been drilled within the area. Ocean Energy Cote d'Ivoire Corp      drilled Grand Lahou East 1 in 1999 (P&A dry), Anadarko drilled South      Grand Lahou 1 in 2009 (P&A dry) and Kosrou 1 in 2009 (P&A with oil      shows).
Qatar Petroleum to acquire 45% equity from Total in CI-705 and CI-706 blocks who will be held by Total (45% + Operator), Qatar Petroleum (45%) and Petroci (10%).