Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company focused on offshore West Africa, announces ExxonMobil Exploration and Production Liberia Limited, an affiliate of ExxonMobil, commenced drilling operations on the Mesurado-1 exploration well on November 22, 2016 utilizing the Drillship Seadrill West Saturn. The Mesurado-1 well is located about 50 miles offshore Liberia on Block LB-13 in approximately 2500 meters of water. The well, targeting oil in Late Cretacous sands is the first well operated by ExxonMobil offshore Liberia.
The Company’s 100% owned subsidiary, Canadian Overseas Petroleum (Bermuda) Limited, holds a 17 percent interest in Block LB-13.
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