CNR International signed a production sharing contract (PSC) for Block CI-12 off Cote d’Ivoire (Ivory Coast), with a 60% working interest. CNR International will operate the block, located west of the company’s Espoir and Baobab fields, in 250-300m water depths. The block contains two undeveloped discoveries, drilled during the 1980s, and potential Turonian fan channels that were not penetrated by previous wells.
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