Rialto managing director Jeff Schrull said the company was in the final stages of preparation for the drilling of the Gazelle P3 well on the block.

“We have been awaiting the rig arrival for some time and we are excited to be starting our drilling programme in Block CI-202 along with our partner Petroci,” he said.

The rig, currently being towed from Nigeria, is expected to arrive before the end of February, ahead of an anticipated well spudding in mid March.

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