Foxtrot Makes Natural Gas Discovery Offshore Cote d'Ivoire

An exploration well drilled offshore Cote d'Ivoire by Block CI-27 Operator Foxtrot International LDC has tested natural gas from a 20-meter perforated interval in 400 meters of water.

The Mahi-1 well flowed 32 million cubic feet per day of natural gas and some 250 barrels per day of condensate from a one-inch choke. It was drilled utilizing GlobalSantaFe's Aleutian Key semisub and encountered a 135-meter hydrocarbons column.

Partners in the block include state company Petroci (40%), SECI (24%), Enerci which comprises Gaz de France (12%), and Foxtrot International (24%).

Block CI-27 already produces about 80 million cubic feet per day of natural gas from the offshore Foxtrot field developed in 1999. Gas is delivered for power generation and for industrial and commercial uses within Ctte d'Ivoire under long-term contracts. The Mahi-1 well is situated approximately five kilometers south of the Foxtrot platform. Block CI-27 contains another previously-discovered natural gas field, Manta, for which an application for development has been submitted.

"We are in the process of evaluating our most recent discovery in order to assess its commercial potential" stated Gerard Hautavoine, Foxtrot International General Manager.
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