Ivory Coast: Rialto Provides Update on Gazelle Drilling

 Rialto Energy Limited, an oil and gas exploration and production company, provides the following weekly update on drilling operations at the Gazelle-P3 ST well, located offshore Côte d’Ivoire.

The Gazelle-P3 ST well was spudded on 12 March 2012 using the Transocean GSF Monitor jack-up drilling rig. The well is the first of an overall three well drilling programme on CI-202 that is anticipated to take six months to complete, together with testing.

Since the last report, the well has been drilled to a depth of 2181m MDRT (1847m TVDSS). Rialto is expecting to drill and wireline log the Upper Cenomanian reservoir section during this week.

Rialto is the Operator (85% working interest) of the CI-202 block offshore Côte d’Ivoire. The CI-202 block contains the Gazelle Field, which is the current focus of development, with first production expected by the end of 2013/Q1 2014.

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Offshore Energy Today Staff, May 8, 2012