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RAK Petroleum Starts Production from 2nd Côte d'Ivoire Offshore Platform

Source: www.gulfoilandgas.com 10/26/2015, Location: Africa

RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced commencement of production by operator Foxtrot International LDC from a second platform on Block CI-27 offshore Côte d'Ivoire. The Marlin-B1ST well, the first well in an initial five-well drilling campaign to develop two previously discovered fields on the block, is currently flowing an average of 1,100 barrels per day of 26 degree API oil through a 35/64 -inch choke.

The new Marlin platform was installed in April 2015 as part of a four-year, USD 1 billion expansion program to bring the Marlin oil and gas field and the Manta gas field on production. The platform will double Block CI-27's hydrocarbons treatment capacity and increase the supply and the reliability of gas deliveries. The first platform on the block has been in operation since 1999 and processes gas and liquids from the Foxtrot and Mahi fields.

The Marlin-B1ST well encountered 62 metres of gross pay in the Cenomanian interval; an 18.5 metre section of this interval was oil bearing, of which a 6.4 metre section has been perforated. The well, drilled in 100 metres of water, reached a total depth of 2,660 metres.

Drilling of the top holes of the remaining wells in this phase of the development program is ongoing.

Through Mondoil Enterprises, LLC, RAK Petroleum has a one-third ownership of Foxtrot International which operates Block CI-27 with a 24 percent direct stake. Other partners on the block are the state oil company, PETROCI SA (40 percent), SECI SA (24 percent) and ENERCI SA (12 percent). Foxtrot International also has a 27.27 percent interest in ENERCI, bringing Mondoil Enterprises' overall stake in Block CI-27 to 9.1 percent.

Gas production from Block CI-27 in 2015 through the end of the third quarter averaged 145 million cubic feet per day. Production of oil and condensates from the block this year has averaged just below 1,000 barrels per day prior to startup of the new well.

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