By OGJ editors
HOUSTON, Aug. 19 -- Canadian Natural Resources Ltd., Calgary, said Baobab oil field in Block CI-40 off the Ivory Coast was brought on stream on Aug. 9 with production of 48,000 b/d.
Production is expected to increase to 65,000 b/d in early 2006, CNR said. The Baobab Ivoirien floating, production, storage, and offloading vessel processes the oil production and has storage capacity of 2 million bbl.
Associated gas production is expected to total 15 MMcfd by yearend. Gas will be transported via pipeline to shore and sold for power generation.
CNR has 57.61% interest in Baobab field. Ivory Coast's state-owned Petroci Holdings has 5% interest, Petroci Overseas Ltd. 10%, and Svenska Petroleum Exploration AB 27.39%.
