RE: Vitol deal23 Jun 2015 11:57
"Azonto and its partner Vitol have also continued to mature the Hippo North prospect which is located 7km from Gazelle in shallow water of 70m," said managing director Grégory Stoupnitzky.
"Hippo North is now ranking high in the CI-202 exploration portfolio to deliver potential additional gas resources to complement the Gazelle Field."
There may be synergies in combining a Hippo exploration well with the Gazelle drilling campaign which would significantly reduce the cost of the exploration well, the MD also noted.