Block CI-11

* Management estimates at 31 December 2009

Block CI-11
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.  

Other partners in the block are PETROCI (20.14%), International Finance Corporation (18.94%) and SK Energy Co Ltd (12.96%).

Operations Update
A significant subsurface, production optimisation and maintenance programme is currently underway on Block CI-11 with the objective of safely delivering incremental production from the existing well base via wireline workovers while establishing the potential for a successful heavy workover/infill drilling programme in 2010.