Cote d’Ivoire will see investments by a Canadian independent put on hold until there is an uptick in crude prices. Canadian Natural Resources (CNR) said it is postponing $300-400 million in planned investment on its assets in the West African country.

An official from the company told Reuters that due to the low barrel price CNR was “obliged” to suspend operations after spending around $1.5 billion over the past year or two on drilling new wells on the Espoir and Baobab fields to more than double production.

CNR plans to resume drilling again as soon as oil prices increase to a sustainable level and thinks it can add another 5,000-10,000 bpd to its flows from the country.