Côte d’Ivoire: New name for new-look Rialto


Issue 267 - 05 Dec 2013 | 1 minute read

London-based Rialto Energy has rounded off its restructuring with a new name – Azonto Petroleum, named after a Ghanaian dance. This year, the company has completely replaced its executive team, brought in Vitol as a partner, and renegotiated its licence for Côte d’Ivoire block CI-202 to give it more time to complete its work programme after it was obliged to cancel a rig contract earlier this year due to lack of funds. Presenting the new-look company at Global Pacific & Partners’ Africa Independents’ Forum in Cape Town on 26 November.

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