Rialto Awards Block CI-202 FEED Contract to Petrofrac
|Tuesday, June 26, 2012
Australia's Rialto Energy said Tuesday that it has awarded a Block CI-202 Front End Engineering Design (FEED) contract to UK-based Petrofrac, with work scheduled for completion in October.
Rialto is working to fast track first hydrocarbons. It expects to award further contracts before the end of this year.
Block CI-202, which lies on the Gazelle field offshore Cote d’Ivoire, is being developed by Rialto and Petroci. Rialto is the operator of the block.
The field development plan and gas agreement has been approved by the Cote d’Ivoire authorities and the production facilities will consist of a fixed production platform at the Gazelle field with separate oil and gas pipelines from the platform to shore.
The pipelines will be designed with spare capacity for future production of up to 40,000 barrels of oil per day (bopd) and 230 million cubic feet of gas per day (MMcf/d).
Initial production from the platform is expected to be around 8,000 bopd and 100 MMcf/d ramping up in a phased approach to include other existing discoveries in the Block.
Rialto also announced Tuesday that it has secured a drilling rig agreement with US-based Vantage Drilling Company.
The Sapphire Driller (375' ILC) jackup drilling rig will be deployed to drill three wells on the CI-202 Block. The rig may be utilized to drill two additional wells.
The values of these projects are confidential, a spokesperson from Rialto told Rigzone.
Water depths across Block CI-202 are between 32 feet to 3,281 feet (10 meters to 1,000 meters), Rialto said on 21 June, 2012. The current oil and gas discoveries lie in water depths of less than 328 feet (100 meters).
Block CI-202 could contain 50 million barrels of oil and 396 billion cubic feet of gas, Rialto said.
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