Cote d’Ivoire/Liberia: West African Oil Reserves Revised Upward

Jan 26, 2015 | Daniel J. Graeber, United Press International
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Junior explorer African Petroleum Corp. said Monday it revised its reserve estimate for operations off the western African coast upward by more than 50 percent.

African Petroleum Chief Executive Officer Stuart Lake said he was "delighted" with the results of a third-party assessment of reserves off the coast of Liberia and Ivory Coast. An assessment from independent petroleum consultant ERC Equipoise Ltd. resulted in a net 58 percent increase in the offshore reserve potential.