Offshore staff
OSLO, Norway – Foxtrot International has completed a four-year, $850-million development program in block CI-27 offshore Côte d’Ivoire.
Two gas fields, Marlin and Manta, have come onstream following the installation of a four-legged, manned platform, related processing and pipeline facilities, and drilling of one exploration and seven production wells.
Gas production from block CI-27 increased during August to an average of 170 MMcf/d, comprising more than three-quarters of Côte d’Ivoire’s total gas output.
Production of oil and condensates from the block averaged 3,000 b/d. The gas is sold at a current price of $6 per million btu, with the liquids sold at international market prices.
According to partner RAK Petroleum, the new platform, in 110 m (361 ft) of water, doubles the block gas and liquids handling capacity and increases the reliability of gas deliveries to the Ivorian electrical sector.
The first platform on the block started operating in 1999 and processes gas and liquids from the previously developed Foxtrot and Mahi gas fields.
Since 2010, capex on block CI-27 has exceeded $1 billion, including drilling of one exploration and two production wells between 2010 and 2012.
RAK has a one-third ownership of Foxtrot International, which operates with a 24% direct stake. Other partners on the block are state oil company PETROCI (40%), SECI (24%), and ENERCI (12%).
Foxtrot International has other gas prospective gas pockets across the four producing fields, including in previously untapped lower and upper Turonian compartments in the Marlin field.
RAK expects an independent petroleum engineering firm to shortly complete a reserves assessment study.
09/29/2016
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