Total says Ivory Coast exploration well shows high-quality oil

4/25/2013

Total says Ivory Coast exploration well shows high-quality oil

BY GERALDINE AMIEL

PARIS -- Total said that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 m of water, encountered 28 m of net oil pay in a series of about 100 m of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35 API oil.

Operated by Total E&P Cote d'Ivoire, Ivoire-1X is the first well drilled on the CI-100 block. It was drilled to a total depth of 5,044 m. The well confirms the extension into Block CI-100 of the already proved active petroleum system in the prolific Tano basin, home to several fields, including Jubilee in Ghana.

The data acquired during drilling is being analyzed to develop an appraisal program for the reservoirs discovered and explore identified prospects further east in the block, near recent discoveries in Ghana. Total E&P Côte d'Ivoire operates the block with a 60% interest, alongside Yam's Petroleum (25%) and Petroci Holding (15%).

Total also has interests in three other ultra-deep offshore exploration licenses (CI 514, CI-515, CI-516) in Ivory Coast.

Dow Jones Newswires

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