Côte d’Ivoire: New block for CNR

Canadian Natural Resources (CNR) signed a production-sharing contract in June to operate the CI-12 Block offshore Grand-Lahou with a 60% stake. On its other Ivorian acreage, the company is working on the phase three development of the Espoir field, which will involve five production wells and three water injectors, adding a net 6,500 boe/d at a cost of $177m net to CNR, which has 58.7%.