Re-drills lift Baobab output

Phase II of the Baobab development off Cote d'Ivoire is on track, according to operator Canadian Natural (CN).

Offshore staff

CALGARY --Phase II of the Baobab development off Cote d'Ivoire is on track, according to operator Canadian Natural (CN).

The company is raising production following well failures that occurred in 2006: three wells have so far been re-drilled and a fourth is in progress, incorporating a `robust' gravel packing technology.

CN is already planning a larger third phase of the project. Output is also rising at the company's other development in the area, Espoir, following upgrade work on the FPSO, which is due to be completed later this year. Thereafter, CN will continue its infill drilling programs to further optimize the production facilities.

Offshore Gabon, CN is drilling further development wells on its Olowi field, and aims to reach plateau oil production of 20,000 b/d during 2010.

In the UK North Sea, the company will limit its drilling program this year in a bid to contain capital and operating costs. The investment focus will be on upgrades to existing production facilities, with three major turnarounds planned.

Long term, it aims to stabilize its North Sea output with modest growth through long-term developments of the Lyell, Columba and Thelma fields. It remains on the look-out for acquisition opportunities where it could capitalize through applying its mature basin expertise.

05/06/2009

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