Early this year the company applied successfully for the UK government’s recently introduced Brownfield Allowance (BFA), which grants a property development allowance on qualifying pre-approved field developments.
CNR has submitted a further BFA application for theNinian field in the northern North Sea, and expects to receive approval soon.
Offshore Côte d’Ivoire, the company’s light crude infill drilling program at the Espoir field, originally targeted to start in late spring, is progressing slower than expected. CNR says it is working with the contractor to ensure the drilling program will be performed safely and efficiently.
Exploration is under way on Côte d’Ivoire block 514, in which CNR has a 36% interest. A seismic program has been completed. The company says this block is prospective for deepwater channel/fan structures similar to the Jubilee oil finds offshore Ghana.
Off South Africa, the company has selected a partner to jointly conductexploratory drilling and will issue more details on receiving regulatory approval. Targeted drilling windows are from 4Q 2013 to 1Q 2014 and from 4Q 2014 to 1Q 2015. Long-lead equipment has been ordered.