Italian oilfield providers firm Saipem has secured a contract valued at $400 million to carry out drilling offshore the Ivory Coast. The contact has been awarded by the three way partnership between Eni Côte d’Ivoire and the state-owned Petroci, who’re energetic in numerous exploration blocks off the Ivorian coast.
Saipem famous that the $400 million is to be thought of gross of the leasing prices of the Deep Worth Driller vessel that will probably be used for the operations. It’s a seventh-generation drillship, one of the vital fashionable on the earth, for which Saipem has entered right into a constitution settlement with the corporate Deep Worth Driller.
Saipem is thus strengthening the competitiveness of its fleet by leveraging its consolidated experience within the choice and administration of technologically superior vessels, the corporate mentioned in its assertion.
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Saipem additional confused that the award of this contract represents an necessary consolidation of its presence within the Ivory Coast, a strategic space the place the corporate is at the moment executing the mission for the event of the oil and gasoline subject Baleine.
The invention was made in block CI-101 offshore Ivory Coast by Saipem 10,000 drill ship. The Baleine prospect, in response to Eni, is the primary exploration effectively drilled by the corporate within the Ivory Coast, and the primary industrial discovery within the nation in 20 years. The potential of the invention is estimated of over 2.0 billion barrels of oil in place and roughly 2.4 trillion cubic ft (TCF) of related gasoline, with potential upside.
Eni is energetic in Blocks CI-100, CI-101, CI-205 and in 2019 it signed contracts for the 2 new exploration blocks CI-501 and CI-504 situated within the japanese a part of the sedimentary basin off the coast of Ivory Coast. The CI-501 block lies between 330 and seven,874 ft underwater, about miles south-west of the capital Abidjan. The CI-504 block is between 3280 and 7710 ft, about 37 miles south-west of the capital.
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