Côte d’Ivoire: Azonto to re-tender Gazelle

Azonto Petroleum plans to re-tender the construction package for the Gazelle gas project in a bid to push down costs. The Australian company said Italy’s Rosetti Marino had quoted it a higher-than-expected lump-sum price for the offshore and onshore project elements. “In order to achieve a realistic breakeven gas price, and to capitalise on current downward pressure on drilling and other construction costs, the Vioco board therefore has decided to re-tender the construction package. This will result in a delay in sanctioning the Gazelle project,” Azonto said in a 31 March statement.