Following the completion of drilling rig tenders, Rialto Energy Limited (Rialto or the Company) announces that it has entered into an agreement with Transocean for the provision of the GSF Monitor Drilling Unit to undertake its First Phase Drilling Campaign in CI‐202, located offshore Cote d’Ivoire.
The GSF Monitor is a jack‐up drilling unit capable of drilling in water depths up to 100m and has been contracted to complete a 2‐3 well program commencing in 1st quarter 2012. This program will more than fulfil the first phase work program commitments in CI‐202.
“Rialto is very pleased to be shortly commencing drilling in CI‐202 and looks forward to working with Petroci, our partner in the Block, in advancing the development of the significant oil and gas resources in CI‐202.”, the company said in statement.
About Rialto Energy Limited
Rialto is a West African focussed oil and gas explorer with offices in London, Cote d’Ivoire and Perth, Western Australia. Rialto’s existing assets and activities include:
[mappress] Source: Rialto Energy, July 20, 2011