Canadian Overseas Petroleum Limited and ExxonMobil have commences drilling on the Mesurado-1 exploration well
On 22 November, Canadian Overseas Petroleum Limited (COPL) and ExxonMobil Exploration and Production Liberia Limited, an affiliate of ExxonMbil commenced its drilling operations on the Mesurado-1 exploration well.
The well is located around 50 miles offshore Liberia on Block LB-13 in approximately 2.5 km of water.
The drilling utilised the Drillship Seadrill West Saturn. The well is targeting oil in Late Cretacous sans in the well which was first operated by ExxonMobil.
COPL holds a 17 per cent interest in Block LB-13. ExxonMobil holds an 83 per cent interest in the well.
At the moment, COPL is actively pursuing drilling and exploration opportunities in Nigeria in partnership with Shoreline Energy as much of a strategy to guarantee a steady cash flow from secure offshore assets. In addition to this, Shoreline Canadian Overseas Petroleum Development Corporation (ShoreCan), are currently undergoing the process of obtaining approval from the Nigerian government for the acquisition of 80 per cent of the share capital of Essar Exploration and Production Limited in Nigeria which currently hold an attractive oil appraisal and development project in mid water offshore Nigeria.