Côte d’Ivoire: Mitsubishi farms into CI-103
Issue 285 - 30 Sep 2014
Japan’s Mitsubishi has agreed to acquire a 20% stake from Anadarko Petroleum in the Tullow Oil-operated Block CI-103. The block, which lies about 50km offshore in 2,000 metres of water, contains Tullow’s Autruche light oil discovery found by the Paon 1X well in 2012. Since then, the Calao 1X exploration well and Paon 2A appraisal well have both proved unsuccessful, but the Paon-3A well is planned for H2 2014, at a site 3.7 miles south of and down dip to Paon-1X. The well will target the Cretaceous fan system in which the discovery well encountered 100 feet of net oil pay.
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