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How much oil is in baobab oil field?
Estimated reserves of the field are 700 million barrels of oil. Recoverable reserves are estimated at 200 million barrels of oil with an 23° API. CNR commenced the development of the Baobab oil field in 2003. The field is produced through eight production wells and three water injection wells located in 1,219m (4,000ft) of water.
Where is the baobab oil field located?
The Baobab field is located south of the Espoir field, which is also operated by CNR. Production at Baobab was commenced in August 2005. In 2011, the field produced 7.2 million barrels of oil at an average daily production rate of 19,700 barrels per day (bpd).
When did baobab oil come out?
An appraisal well was drilled in 2002, and in 2005, only three years later, production from the Baobab field commenced. In November 2018 production reached 100 million barrels of oil, which still only represents around 10 per cent of the oil in place, so expectations are high for many prosperous years to come. .
Where is baobab located?
Baobab lies in Block CI-40, located about 25km off the coast of Cote d’ Ivoire (Ivory Coast). Water depths at the location range from 900m (2,952.7ft) to 1,300m (4,265ft). The field is operated by Canadian Natural Resources (CNR). FMC Technologies has been contracted to supply equipment for the phase III development of the Baobab field.