Project Profile
Value: Undisclosed
Location: 52 km from Abidjan, easternmost part of Ivory Coast, adjacent to the international border with Ghana
Reserves: 37 mmboe
Water Depth: 1,900 metres
Block CI-01 was awarded to United Meridian Corporation in 1994 and is located offshore in the easternmost part of Côte d’Ivoire, adjacent to the international border with Ghana. It extends from near the shoreline to 1,900 metres water depth and is located 52 km from Abidjan. 16 wells have been drilled on the block to date, throughout the late 1970’s and mid 1980’s by Esso and Agip, 10 of which have encountered oil and gas. The block has estimated contingent resources of about 37 mmboe. The Kudu, Eland and Ibex discoveries have been independently estimated to contain 102 bcf of gas and 20 mmbbls of oil.
CI-01 has a proven petroleum system in multiple reservoirs within the Cretaceous. Oil and gas has been found and tested in the Ibex and Kudu fields, while only gas has been found in the Eland field. Most of the oil and gas encountered is in reservoirs that are younger than the Albian structural closures originally targeted in the past. There are 3D seismic surveys covering Ibex, Kudu and Eland, and a 2D seismic grid covers the rest of the block.
A full technical evaluation of the Kudu field has now been completed, following on from previous work undertaken at the Ibex field. Afren and its partners on the block intend to acquire new block wide 3D seismic in order to provide a greatly expanded contiguous data set with a view to ultimately defining optimal appraisal drilling locations for the existing discoveries on the acreage.
CI-01 Block (gross area of 1,208 km2) has been divided into two new larger blocks, CI-523 (gross area of 1,494 km2) and CI-525 (gross area of 1,221 km2. The new CI-523 and CI-525 blocks significantly increase Afren’s existing exploration acreage and upside potential in the region.
Operators: (as part of the new deal following the split of Block CI-01)
CI-523 Block (Ibex oil and gas discovery)
Taleveras Group: Operator with 70% interest
PETROCI: 10% interest
Afren Plc: 20% interest
CI-525 Block (Kudu and Eland gas discoveries)
Afren Plc: Operator with 51.75% interest
Taleveras Group: 38.25% interest
PETROCI: 10% interest
Afren’s working interest in the Eland and Kudu fields within CI-525 is 61.875%