Côte d'Ivoire
| Côte d'Ivoire |
Block
CI-11 |
Block
CI-01 |
Lion Gas Plant |
Participating Interest
|
47.96% |
65%* |
100% |
Production Start-up
|
Producing |
2011/2012 |
Producing |
| Operator |
Afren |
Afren |
Afren |
| Work Programme |
Production |
Development |
NGL Extraction **
|
* Direct participating interest, Afren also holds rights over an
additional 15% interest
** Butane extracted from gas stream at a rate of 12 bbls/mcf
Gasoline extracted from gas stream at a rate of 9 bbls/mcf
Background
In September 2008, Afren successfully completed the acquisition of Devon Energy Corporation’s interests in Côte d’Ivoire for an adjusted consideration of US$164 million, comprising a 47.96% participating interest and operatorship of the producing Block CI-11, a direct 65% participating interest (with rights over an additional 15%) and operatorship of the undeveloped Block CI-01 and 100% ownership of the onshore Lion Gas Plant.
Fast Facts
- Current net daily volumes of approximately 7,524 boepd from upstream oil operations and NGL stripping
- Net 2P developed and un-developed reserves of 25 mmboe
- Target total daily production of over 10,000 W.I. boepd in 2011/2012