Rialto Energy Limited holds 85% working interest and operates Block CI-202 located offshore, Cote d'Ivoire in West Africa and is Operator of the Block.

Field Development Plan Approval Rialto Energy Limited is pleased to advise that approval of the Field Development Plan for the Gazelle Field located in CI-202 has been granted by the Government of Cote d'Ivoire in Abidjan. The FDP approval will allow the fast track development of the Gazelle Field resulting in production start-up in Fourth Quarter 2013 at initial oil rates of 8000 bopd and gas rates up to 100mmscfd.

The Gazelle Field Development will utilise a production platform in 40m water depth, where oil and gas production will be processed and exported via bundled pipelines to existing onshore infrastructure, located 30 km to the North-West of CI-202. Initial production from the Gazelle Field is anticipated at 8,000 bpd of oil and condensate and up to 100 mmcfd of gas; however, the pipelines will have capacities of up to 40,000 bopd and 230 mmcfd to allow for further infill drilling at Gazelle and tieback of existing satellite fields. The location of the Gazelle Field Facilities will allow it to become an important hub for low cost development of future discoveries within CI-202.

Tags: Rialto Energy