Ivory Coast: Rialto to explore, develop Block CI-202

By OGJ editors

Rialto Energy Ltd., Perth, has completed a 3D seismic survey on Block CI-202 offshore Ivory Coast and plans to start a three-well drilling program around the end of February.

The drilling will consist of one exploratory well and two development wells in Gazelle oil and gas field, where the development plan was recently approved. Gazelle, in shallow water, is to start up near the end of 2013 at 8,000 b/d of liquids and 100 MMcfd of gas. Rialto is operator with 85% interest in the block.

The 891 sq km 3D survey covers the entire 675 sq km block, including the underappraised Gazelle, Hippo-1, Bubale, and Addax oil and gas discoveries in 50-100 m of water, and numerous low-risk prospects and leads.

Rialto signed a memorandum of understanding with the government for sales of up to 100 MMcfd of Gazelle gas and expects a final agreement to be executed by the time of the Gazelle development final investment decision in mid-2012.

Identified exploratory targets have a combined total mean prospective resource of 511 million bbl of oil and condensate and 1,785 bcf of gas. Resource is 84 million bbl at the Chouette prospect, to be drilled in the current quarter.

Related Articles

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

GAS EXPLORATION FANS OUT MIN ARKOMA BASIN

01/01/1990 Gas exploration is heating up in the South Central Arkoma basin's pre-Pennsylvanian formations. Several operators are targeting Siluro-Devonian...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected