Independent oil and gas producer Canadian Natural Resources reported Tuesday that it is preparing to make a significant investment in the next phase of development drilling at the company's Baobab field, offshore Côte d'Ivoire.
CNR's Aberdeen-based subsidiary, CNR International, recently secured a contract for the Cajun Express (DW semisub) rig with Transocean, with the rig expected to arrive on location either later this year or in early 2015. It will carry out a minimum six-well program on the Baobab field, CNR said.
CNR International Vice President for Finance Barry Duncan commented in a company statement:
"We are investing significantly offshore Côte d'Ivoire in the coming years, so committing to a rig for the next phase of the Baobab development is very exciting.
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