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Rialto Energy: Encouraging Oil Shows at Gazelle-P4 Well (Ivory Coast)

Rialto Energy: Encouraging Oil Shows at Gazelle-P4 Well (Ivory Coast)| Offshore Energy Today

Rialto Energy Limited, an international exploration and production company has drilled the Gazelle-P4 Development Well, offshore Côte D’Ivoire to the the planned final depth of 3522m MDRT (2720m TVDSS).

This has taken 28 days from spud to TD. According to the company’s report the well has encountered encouraging oil and gas shows through the Upper Cenomanian and gas shows through the Lower Cenomanian reservoir intervals.  These will now be evaluated by wire line logging, fluid and pressure sampling to properly evaluate the shows, and identify potential test intervals.

Rialto will now release the Transocean GSF Monitor jack-up rig to focus on the FEED for the Gazelle field development and to further refine exploration options for its Cote d’Ivoire acreage.

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 early 2014.

A Competent Person’s Report completed in September 2011 by RPS Energy Services in relation to CI-202 certified Total Mean Contingent Resources of 50 MMbbls of liquids and 396 Bcf of gas, in addition to Total Mean Prospective Resources of 511 MMbbls of liquids and 1,785 Bcf of gas.

Rialto Energy: Encouraging Oil Shows at Gazelle-P4 Well (Ivory Coast)| Offshore Energy Today.

ION Provides Better Insight in Brazil’s Offshore Potential

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ION Geophysical Corporation has added an additional 8,000 kilometers of regional seismic data to its Greater BrasilSPAN™ program in the Equatorial Margin offshore northern and northeastern Brazil.

To be processed by ION’s GX Technology data processing group, this new data adds to the approximately 17,600 kilometers of data the company acquired in the region in 2009 and brings the total number of kilometers in the company’s BrasilSPAN portfolio to over 50,000.

Recent major discoveries in West Africa’s Ghana and Ivory Coast, which are geologically similar to Brazil’s Equatorial Margin basins, have increased interest among oil & gas companies in the conjugate margin in northern Brazil. ION’s Greater BrasilSPAN provides E&P companies with a better understanding of the orientation of the transform and growth faults and the deposition environment of the key basins from Foz do Amazonas to Potiguar.

Ken Williamson, Senior Vice President of ION’s GeoVentures group, commented, “Our BrasilSPAN program provides E&P companies with a regional depth-imaged framework to better understand the hydrocarbon potential offshore Brazil. But the dataset is also of great value to E&P operators in Africa, as it reveals striking similarities in the structural framework of the petroleum systems on both sides of the Atlantic Margin.”

The second phase of ION’s Greater BrasilSPAN program will be available in the third quarter of 2012, in anticipation of the 11th Brazilian licensing round expected to be announced in early 2012.

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