Petroleum Africa
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Tuesday, September 27, 2016
Foxtrot International and partner RAK Petroleum plc, have completed a four-year, $850-million field development program in Block CI-27 offshore Côte d’Ivoire. Two new gas fields, Marlin and Manta, were brought onstream following the installation of a four-legged, manned platform and related processing and pipeline facilities and the drilling of one exploration and seven production wells.
Gas production from Block CI-27 climbed to an average of 170 Mmcf/d during August 2016., constituting more than three-quarters of Côte d’Ivoire’s total. Production of oil and condensates from the block averaged 3,000 bpd. In 2015, gas production from the block averaged 145 Mmcf/d, while liquids production averaged 1,140 bpd. Gas is sold at a current price of $6 per million btu and liquids are sold at international market prices.
The new platform, installed in 110 meters of water depth, doubles Block CI-27’s gas and liquids handling capacity and increases the reliability of gas deliveries to the Ivorian electrical sector. The first platform on the block has been in operation since 1999 and processes gas and liquids from the previously developed Foxtrot and Mahi gas fields. Capital expenditures on Block CI-27 have topped $1 billion since 2010, including drilling of one exploration and two production wells between 2010 and 2012.
Through Mondoil Enterprises, RAK Petroleum has a one-third ownership of Foxtrot International, which operates Block CI-27 with a 24 percent direct stake. Other partners on the block are the state oil company, PETROCI (40%), SECI (24%) and ENERCI (12%). Foxtrot International also has a 27.27% interest in ENERCI, bringing Mondoil Enterprises’ overall stake in Block CI-27 to 9.1%.
Foxtrot International has identified significant additions to the gas reserves and contingent resources on Block CI-27 across the four producing fields, including in previously untapped lower and upper Turonian compartments in the Marlin field. A reserves certification study by an independent petroleum engineering firm is expected to be completed shortly.
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