Project Profile
Value: Undisclosed
Location: Block CI-103, offshore Cote d’Ivoire. Ivory Coast
Reserves: Unknown
Depth: 16,699 feet (5,090 metres)
Start-up Year: -
The Paon prospect is situated in Block CI-103 offshore Cote d’Ivoire. Tullow operates the block with a 45 percent stake. Paon-1X, the first deepwater exploration well drilled in the license, encountered 102 feet (31 metres) of net oil pay in a gross interval of 243 feet (74 metres) of turbidite sands. Pressure data indicates that this interval contains a continuous hydrocarbon column and samples show that it is a light oil of 41 degrees API. Further analysis is required to determine reservoir quality and the extent of the fan system. Following completion of logging operations, the well will be suspended for possible future use in appraisal and development operations. Drilled by the Eirik Raude semisub, the Paon-1X well will reached a final depth of 16,699 feet (5,090 metres) in a water depth of 7,195 feet (2,193 metres).
Operators:
Tullow Oil: Operator with 45% interest
Anadarko: 35% interest
Mitsubishi Corporation (MC): 20% interest
Contractors:
Ocean Rig: Drilling contract