Gas production from Block CI-27 has climbed to an average of 170mn ft³/d in August 2016, constituting more than three-quarters of Côte d'Ivoire's total. Production of oil and condensates from the block averaged 3,000 barrels/day. In 2015, gas production from the block averaged 145mn ft³/d while liquids production averaged 1,140 b/day. Gas is sold at $6/mn Btu while liquids are sold at world prices.
The new platform, installed in 110 metres of water depth, doubles Block CI-27's gas and liquids handling capacity and increases the reliability of gas deliveries to the Ivorian power generation sector. The first platform on the block has been in operation since 1999 and processes gas and liquids from the previously developed Foxtrot and Mahi gas fields. Capital expenditures on Block CI-27 have topped $1bn since 2010, including drilling of one exploration and two production wells between 2010 and 2012, said RAK.
Through Mondoil Enterprises, RAK Petroleum has a one-third ownership of Foxtrot International, which operates Block CI-27 with a 24% direct stake. Other partners are state Petroci (40%), SECI (24 %) and Enerci (12 %). Foxtrot International also has a 27.27% interest in Enerci, bringing Mondoil Enterprises' overall stake in Block CI-27 to 9.1%.
Foxtrot International has identified significant additions to the gas reserves and contingent resources on Block CI-27 across the four producing fields, including in previously untapped lower and upper Turonian compartments in the Marlin field. A reserves certification study by an independent petroleum engineering firm is expected to be completed shortly, said RAK.
