Canadian Natural Resources hits oil off Ivory Coast

Canadian Natural Resources Ltd., Calgary, said its wholly owned subsidiary, Ranger Oil Cote d'Ivoire SARL, found oil off Ivory Coast on block CI-40. The discovery is 8 km south of Espoir field on Block CI-26, which Ranger is developing.


By the OGJ Online Staff

HOUSTON, Mar. 30�Canadian Natural Resources Ltd., Calgary, said its wholly owned subsidiary, Ranger Oil Cote d'Ivoire SARL, found oil off Ivory Coast on block CI-40.

The Baobab 1X well, drilled to 3,074 m TD in 1,484 m of water, found oil in the Albian.

Two drill stem tests were performed on selected intervals. The combined stabilized flow rate exceeded 6,700 b/d of 22-23�-gravity crude with a gas-oil ratio of 290-320 scf/bbl. The well will be suspended while appraisal plans are formulated.

The government awarded the block under a production-sharing contract in April 1998. Ranger is operator with 61%, Svenska Petroleum Exploration Production AB has 29%, and Petroci Holding has 10%.

The Baobab discovery is 8 km south of Espoir field on Block CI-26, another of the four blocks Ranger operates off Ivory Coast. Espoir is being developed and production is due to begin in 2002.

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