Côte d’Ivoire: Contract for Baobab development

Canadian Natural Resources (CNR) has given Subsea 7 a contract for the installation of spools and umbilicals for its Baobab field phase III development. The main offshore installation phase is expected to be carried out by Subsea 7’s Seven Pacific vessel in Q2 2015. In Q4 2013, CNR contracted Transocean’s Cajun Express drilling rig for a six-well drilling programme at the Baobab field. The rig, presently on contract to Cairn Energy offshore Senegal, is contracted from November 2014 to November 2015 at a day rate of $495,000 for a light crude oil drilling programme targeted to add 11,000 boe/d of net production when complete.