Petroleum Africa
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Thursday, October 22, 2015
Cote d’Ivoire’s Block CI-508 will see the drill bit drop before the end of 2015 Genel Energy revealed in its trading and operations update. Genel, partnered with Vitol (operator) on Block CI-508, will drill the Aigle Prospect.
The well, which is targeting significant oil prospectivity in stacked Cretaceous reservoirs, will take approximately 50 days to complete at an estimated future cost of $10 million net to Genel, which will largely be payable in 2016.
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