Project Profile
Value: Undisclosed
Location: 13 km offshore, 89 km from Abidjan, Ivory Coast
Production: oil rate of 4900 bopd and 800boepd of Natural Gas Liquids in 2012
Reserves: 4.4 mmboe
Water Depth: 45 metres to 280 metres
Block CI-11 is located about 13 km offshore and 89 km from Abidjan in water depths ranging from 45 metres to 280 metres. The producing Lion and Panthère fields were discovered by Phillips in the 1980’s and were brought on-stream in 1995 by United Meridian Corporation, later acquired by Ocean Energy Inc. which subsequently merged with Devon. The Lion and Panthère fields have been developed via a Mobile Offshore Production Platform (MOPP) and four tethered caissons. Oil and gas is piped to Abidjan, where the oil is sold on the open market and gas is processed at the Lion Gas Plant and sold under two long term contracts to domestic end users.
Afren Plc holds a 47.96% interest with other partners in the block include PETROCI (20.14%), Compagnie Ivoirienne du Pétrole et des Mines S.A. (18.94%) and SK Energy Co Ltd (12.96%). Stable production at Block CI-11. Full year 2011 gross production at Block CI-11 was approximately 3,200 boepd, comprising an oil rate of 831 bopd and natural gas rate of 14 mmcfd. Production levels were below expectation during the year due to the impact of political and social unrest. The gross 2P certified reserves (31/12/11) are estimated around 4.4 mmboe. This delayed importation of equipment and resources required for routine maintenance of the compressor unit during the first quarter of 2011.
Operators:
Afren Plc: Operator with 47.96% interest
PETROCI: 20.14% interest
Compagnie Ivoirienne du Pétrole et des Mines S.A.: 18.94% interest
SK Energy Co Ltd: 12.96% interest