Australia-listed Rialto Energy and Dutch partner Vitol have inked a new production sharing contract with the Ivory Coast government for the offshore Block CI-202, containing the Gazelle field.
Rialto had cancelled a rig contract with Vantage Drilling on the block in May this year while it continued to negotiate a work programme with Vitol.
Vitol had agreed to acquire a 65% stake in the Rialto subsidiary holding an 85% interest in the block, as well as a 74% interest in the Gazelle area.
Rialto
