COPL commences drilling on offshore West Africa

Offshore oil drilling inspection minerals management service commonsCOPL commence offshore drilling in West Africa. (Image source: Minerals management services/Commons)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. 

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?