Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Total Discovers Oil Offshore Ivory Coast

change text size
Article title
Total finds 130 feet of net oil pay in a deep-water well off the Ivory Coast.

France's Total reported Thursday that its Saphir-1XB exploration well on Block CI-514, offshore Ivory Coast, has encountered hydrocarbons.

Lying in 7,550 feet of water, Saphir-1XB is the first well drilled in the block. Drilled to a depth of 15,270 feet it found approximately 130 feet of net pay that contains light (34-degree API) oil in a series of 1,150 feet of reservoirs.

Total said the data acquired during drilling are being analyzed and will be used to determine the area's potential as well as the design of the delineation program. The firm also has plans to drill two wells in blocks CI-515 and CI-516 by the end of this year.

Marc Blaizot, Total's Senior Vice President for Exploration, commented in a company statement:

"Drilled in an abrupt margin play, this first well is the first discovery in the San Pedro Basin, a frontier exploration area in Ivory Coast. Having confirmed the presence of a petroleum system containing light oil, we will next evaluate this very promising find and focus on its extension to the north and east."

Total E&P Côte d’Ivoire operates Block CI-514 with a 54-percent interest. CNR International and PETROCI Holding hold 36 percent and 10 percent respectively.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petronas Carigali Extends BW Offshore'... (Oct 30)
 -  AWE, Santos Progress Development of In... (Oct 30)
 -  Eni Mulls Partnership with Pemex in Me... (Oct 30)
 -  UK Juniors Apply for Isle of Wight Lic... (Oct 29)
 -  Oilfield Suppliers Launch Products, Se... (Oct 29)
Most Popular Articles
From the Career Center
Jobs that may interest you
Geotech/Data Management
Expertise: Geoscience Technician
Location: Houston, TX
 
Senior Reservoir Engineer / Advisor
Expertise: Geologist, Reservoir Engineering
Location: Houston
 
Rig Welder
Expertise: Rig Welder
Location: Gulf of Mexico
 
search for more jobs