Located in the deepwater province that contains the massive Jubilee complex in Ghana, Block CI-206 is open for further farm-in opportunities.

Oranto Petroleum welcomes farm-in partners for this deepwater block in Côte d’Ivoire. Block CI-206 is located west of Ghana’s giant Jubilee oilfield complex, which holds in excess of 1 billion barrels. In 2011, Oranto’s exploration well (Buffalo-1x) in the adjacent Block CI-205 encountered good quality Turofian fan sands and recovered high-quality light oil from the deeper Albian section. This demonstrates a viable petroleum system whose prospectivity may increase when Oranto drills a first exploration well on Block CI-206. Oranto seeks partners with deepwater experience, proven capability and investment capital to drill the second commitment well. Oranto has fulfilled its seismic commitments by purchasing 1,200 square kilometers of 2D seismic data. In 2003, it acquired 1,100 square kilometers of additional 3D data that was processed by CGG. Weinman GeoScience later reprocessed the data, revealing a clearer picture of the underground petroleum systems.

The Upper Cretaceous section, which features multiple deepwater, sand-prone channel complexes, holds most potential. The number of leads mapped reveals a potential trapping geometry covering more than 50 square kilometers. Possible reserves in this area are more than 500 million barrels of oil equivalent. The shallower Miocene channels have some recognized prospectivity but the largest and most attractive features are currently in the Maastrichtian channels. There is deeper structural potential at the Albian sandstone level that is similar to the scale of the producing Baobab field, which holds an estimated 700 million barrels of oil and recoverable reserves of up to 200 million barrels.